Question

Meaning and scope of building economics

Answer 1

The main topics covered under cost and production analysis are: Cost concepts and classification, Cost-output Relationships, Economics and Diseconomics of scale, Production function and Cost control. 3. Pricing Decisions, Policies and Practices : Pricing is an important area of business economic.
Construction economics is a branch of general economics. ... To understand the scope of the subject it is necessary firstly to know what economics is about, and secondly to ascertain why the construction industry deserves a special branch of the subject to itself.