South African Housing Market - Economics Assignment Help

Assignment Task

QUESTION ONE

1.1 The South African housing market has been doing surprisingly well, given the increase in demand levels. Analyse the factors contributing to the increasing demand in the housing market. (15)

1.2 Choose a contemporary business and discuss any three factors that may result in economies of scale for the firm. (15)

QUESTION TWO

UBER competes with several similar service providers such as Taxify, Zebra Cabs, Orange Cabs etc. Justify the type of market structure that UBER operates in and evaluate the likelihood of UBER making an economic profit in the long-run.

QUESTION THREE

The title of a recently published article read “Zimbabwe inflation jumps to 840%”. Identify and analyse the phenomenon described in the statement above. Explain the impact of this phenomenon on the economy and people of the country and propose solutions that the government can implement.

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