Impact of Macroeconomics on the Housing Industry Essay

Impact of Macroeconomics on the Housing Industry Essay

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To better understand the real impact macroeconomics has in an economy or a particular industry, it is better to define what macroeconomics is and what it attempts to study. Contrary from microeconomics which studies the impact that individuals or companies have in a local economy, macroeconomics focuses on the behavior of the economy or industries as a whole, in a national or global perspective. (Investopedia.com, 2015)
However, microeconomics and macroeconomics are interdependent and complement each other. Because of the ultimate relationship that these factors have on each other, what happens in one ends up affecting the other and vise versa. Macroeconomics study changes that affect such things as unemployment, national income, rate of growth, price levels, inflation, demand and disposable income. (Investopedia.com, 2015)
Furthermore, knowing all of the factors that are affected by macroeconomics, it is only wise to say that in my chosen industry, which is the housing industry, macroeconomics affects it when there is a change in the rate of growth, price level cha...

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