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Sustainable construction aims to reduce the negative health and environmental impacts caused by the construction process and by the operation and use of buildings and the built environment. [1] It can be seen as the construction industry's contribution to more sustainable development. Precise definitions vary from place to place, and are ...
Traditionally, construction has made use of manual labor such as tradesmen and subcontractors for tasks such as the installation of prefabricated elements. [6] In the industrialization phase, construction uses manufacturing processes and technology to perform off-site prefabrication, assembling building components off-site rather than at the point of installation.
In 2009, according to the World Bank, 30% of Armenia's economy was from construction sector. [37] In Vietnam, the construction industry plays an important role in the national economy. [38] [39] [40] The Vietnamese construction industry has been one of the fastest growing in the Asia-Pacific region in recent years.
Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry. [1] In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry.
In sociology, an industrial society is a society driven by the use of technology and machinery to enable mass production, supporting a large population with a high capacity for division of labour. Such a structure developed in the Western world in the period of time following the Industrial Revolution , and replaced the agrarian societies of ...
Being one of the most important and integral operations in the engineering economic field is the minimization of cost in systems and processes. Time, resources, labor, and capital must all be minimized when placed into any system, so that revenue, product, and profit can be maximized. Hence, the general equation; = + / +
NAHB's various groups analyze policy issues, take the industry's story to the public through the media and other outlets, monitor and work toward improving the housing finance system, analyzing and forecasting economic and consumer trends, and educating, training, and disseminating information to members.
The construction industry in the United States is one of the major sectors of the country's economy. [1] As of November 1, 2022 [update] there are over 745,000 general contractor LLCs employing over 7.6 million in its workforce , putting up almost US$1.4 trillion worth of structures annually.