FACTORS THAT IMPACT THE CHINESE HOUSE PRICES INTRODUCTION In this chapter, discussion of the background statement, the housing prices and the historical background of the chinese housing will be elaborated. It is crucial to understand the background of the housing prices as it  growth, inflation rate, interest rate, land availability historical background the determinants are important in the sense that it helps household members, investors and policy makers in making informed decisions. Subsequently, the problem statement will be explained to bring about clear illustrations of the housing prices in china. Also, the research questions and the objectives will be listed to portray the aims of the research. Additionally, the research will evaluate the literature review on the various determinants and how they impact on housing prices and finally, relationships between the variables will be determined and supported by theoretical and empirical explanations.   Background statement Housing is one of the basic needs that a human being requires for proper survival. Therefore, the living standard of an individual is determined by the condition of the house of residence. For instance, the…

Price Floor Scenario 2: A price floor is a specific amount which is imposed by the government on services rendered or products.  From this amount, the governments do not permit the cost of products to fall beneath the floor.  Governments force the price floor on compensation, also known as the minimum wage that is permitted by the law to make it illicit for the owners of the businesses to pay their employers lesser amount as specified in an hour.  Generally, this is a well-known example used in indicating the meaning of the price floor.   Setting up the price floor by the government has some implication on wages.  When price floor is too high, it causes an increase in the number of laborers requesting for lower-skill vacancies as the jobs considered being quality decreases.  The employers, in this case, would prefer not to pay the laborers a high minimum wage as permitted by law which will leave some positions unfilled. Scenario 4 Inelasticity of demand occurs when there is a slight response to the quality demanded on the change in price. …

United States lacks a market price for healthcare services Firstly, the United States lacks a market price for healthcare services; it lacks feedback mechanisms that can show the value of the resources that were used to provide services to allow the setting of a standard price for healthcare services (Costello, 2020). Secondly, patients in the United States are insured by third-party payers who are responsible for their medical bills. Lastly, the healthcare services offered by various healthcare facilities are significantly different from one another; that is, the healthcare services in the United States meet the definition of a heterogeneous product. Briefly describe the concepts of market justice and social justice. In what way do the two principles complement each other, and in what way do they conflict in the U.S. system of health care delivery? According to market justice, health care is a commercial good provided in a free-market condition (Costello, 2020). It holds that businesses equitably allocate healthcare resources and that the ability of people to pay determines healthcare service distribution and access. Social justice takes health care as…

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Impacts of Liberalisation to the energy prices in the UK The issue of liberalization of the energy sector in the UK begun in the 1990s after the electricity act was adopted in 1989.  The reasons for liberalization in this sector was to increase the consumers’ welfare by decreasing the prices of electricity in the country, promote energy efficiency, and encourages the use of renewable sources of energy, to introduce freedom of choice to the customers through opening up the energy market to competition just like what happens in the other sectors and also to guarantee the security of electricity. Before liberalization in the energy sector, the energy sector was under a national organization that was held under exclusive rights for electricity supply. Currently, the UK is among the countries that provide the best example of a successful liberalized energy sector in the world. It was among the first countries to adopt this policy and succeed. Every energy consumer in the UK is currently able to choose the energy supplier freely and enjoy all the privileges of their chosen company. This…

How To Respond To Clients Who Think You Are Bringing A High Price Some words can be challenging for service-based entrepreneurs to respond to. To begin with, many of us are not comfortable with selling. Therefore, when a customer questions your service charge, it can reduce your confidence and lead self-doubt. You should not take it personally since price negotiations are part of the daily business for freelancers in the UAE. Having the right mindset and believing in the value of your services is essential. The best thing is that if a client thinks your services are too expensive, it is not the end of the conversation. Instead, price haggling is often a sign that the customer wants to buy your services. However, such clients may require convincing to overcome their hesitation. Sometimes, the objections may not be because of your price but due to where their prevailing circumstances. For instance, they might not be ready to buy at that time. So, how do you respond to these clients, irrespective of their reasons? 5 Effective Responses for Clients Who Think…

governments control the price of tobacco by creating a price floor Question 1: Many governments control the price of tobacco by creating a price floor. If a government decides to create a price floor for a product, the economy will have a deadweight loss. Draw a supply and demand curve and show how the price floor will create deadweight loss. In your diagram show the areas for Consumer Surplus, Producer Surplus, and Deadweight Loss. In a free market without government intervention equilibrium is naturally attained through the interplay of demand and supply forces. At equilibrium, the sellers are willing and able to sell the equilibrium quantity at the prevailing price while buyers are also willing to buy at the equilibrium price. When the market meets the equilibrium supply is equal to demand. In rare case, the government interferes with the free market naturally interaction of demand and supply to control the economy. There are several ways in which the government undertakes the control and some of which includes price floor, taxes and price ceiling. The government always apply price floors…

How to buy the best wireless earphones at cheap price If you look into the modern market, you will get to see thousands of companies are involved in manufacturing advanced headphones for the consumers. These headphones are available at the best price, with modern features as you want. The demand for the best quality of earphones without wire is growing high for various reasons. But you need to keep in mind some important points to pick the best one from the lot at the lowest price. Otherwise, you may pick a wrong and bad quality headphone and waste your investment. So, be conscious while researching for the wireless headphone and order for the best one from the lot. Important points to keep in mind There are different points that can help you to reach the best wireless headphone within an affordable budget. Take care of the comfort You should choose the best wireless earphone, which is comfortable to wear for a long period. The wireless earphones are available with soft pads to keep your ears comfortable. Different types of earphones…