Task1: Investigate supply and demand analysis that helps to identify how the operation of markets, or sometimes the failure of markets.
Task 2: Recognise and explain the main economic policies that can be used to restore the demand for private housing in the UK
Points to be consider:
For Task 1:
A range of factors need to be clearly identified.
Interest rates, Stamp duty , House building, The income effect Regional / local demand factors Population.
This is not an exclusive list. Diagrams must be included. Supply to right / left and the effect on private house prices.
For Task 2:
The main economic policies such as Interest rates, Stamp duty, Right to buy affordable home ownership schemes, Planning permissions.
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