Demand and Supply Analysis for Housing Sector UK

Some of the main assessment questions needed to be answered are like - 

1. What are the ways of using the supply and demand and also analyse and identify different factors in relation to determining the prices of private housing in UK.
2. Elaborate the different economic policies which are used to stimulate all the demand in the general private housing.

INTRODUCTION

Business economics is the applications of various theories in the microeconomics which help the organizations to fill their gaps which occur due to current business practices. With the help of business economics, management able to make rational or optimal business decisions which helps them to analyse overall market as well as factor which impact the organizations. Business economics linked with various economic theories which further beneficial at the time of implementation and make decisions accordingly (Demil and et.al., 2015). This report focus on private housing sector of UK and identify the factors which drive the demand as well as supply of housing. Number of households will increases from 2007 to 2017 around 1.7 million which is about 63% increase (Private Housing in the UK, 2019). This report cover various topic such as analysis of demand and supply, how it will increase the understanding of market operations. Along with this, identify the factors which determining the price of private housing in the UK. In addition, it include the economic policies which used to stimulate the demand of private housing in the UK.