Workbook Exercise 1 – Property and the Economy
Industrial Property Sector
Description of Use
Industrial real estate is one of the main asset classes of commercial property, built and used solely for business purposes.
Industrial property is used for industrial purposes; encompassing all shapes and sizes and covering a large range of business types (Gilmour, E 2014). Historically, industrial land has been associated with manufacturing processes and warehousing (Australian Property Institute, 2007). This is now more widely regarded to include;
• Manufacturing
• Fabrication and assembly
• Distribution and transportation service industries (Hefferan, M 2013)
• Processing and research
• Product display
• Bulky goods retailing
• Administrative office
• Electronic data processing and electronic storage (Australian Property Institute, 2007).
Location
As the definition of industrial property has expanded, and Australia has become more of an importer than a manufacturer of goods, different industrial uses have been established in locations that satisfy respective requirements.
Location choice can be subject to;
• Access to road infrastructure
• Availability of economically priced large parcels of land
• Necessity to be close to sea ports, air ports or rail access
• Access to a skilled workforce and source of materials – street accessibility
There are a range of Industrial property location assets, including;
Huge mines
Processing and manufacturing plants
Sugar mills
Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.
In previous years homeownership is was what people in the United States showed pride in, up until recent years after the fall in the market economy. The current homeownership in the United States have declined significantly since the years have passed and is now the lowest it has been in decades. Even though the housing market has been improving over the years in the United States, and the increasing homeownership rate is a worthwhile policy goal for America, home ownership still continue to decline.
Continuous use means that the occupation of the property must have been continual without lapse for the entire period as dictated by statute, in this case 20 years.
Industrial capitalism refers to the industry is controlled by one owner, or a big company, or a small group of people, who can make an earthquake in the industry moving only the last finger. That corporate usually has its chain to take care each steps needed to be taken care of in the business.
- land administered under the Act to be managed for the benefit of the people of Queensland by having regard to seven principles including: sustainability, evaluation, development, community purpose, protection, consultation and administration
Management should record the land and buildings in the in-exchange premise. The land, movable equipment and manufacturing facility can be a stand-alone asset and it also provides the maximum value to market participants. Movable equipment can be sold.
From the very beginning, it is extraordinarily easy to step into the mind of the main character and narrator Manon Guadet and how the world she lives in becomes an eerie reality. Deeper throughout the novel, there are many themes presented through Manon’s eyes. Through the use of many paradoxes, the themes of racism, gender oppression and marriage in Property, by Valerie Martin is ultimately connected with the institution of slavery in America. The aristocratic life of the early 19th century is defined in the use of these themes through the pictures they create. Not only do the themes cause the novel to
Movement of merchandise in and out of cities before the industrial revolution required access to harbor or rivers which limited city size and location but as train routes were expanded, factories and housing could be placed and constructed in ways never before considered. Now industry could
This area can also be known for natural gas, iron ore deposits and petroleum, which includes a significant role in Australia’s economy. Other than mining you can also do fishing and tourism and these are some of the main industries.
The infrastructure in Australia is well-built, the roads are paved and the bridges are sturdy. Factories in Australia are doing well but they are starting to fall due to the selling of the Chinese goods. Some of Australia’s major imports are oil, machinery and vehicles. Australia’s exports include iron, coal, gold and wheat. Cars are essential to the people of Australia. Nearly every household has at least ONE car.The majority of Australia’s population live in larger cities such as Sydney, Melbourne, Brisbane and Perth. Since the mass of the population lives in broad cities, transportation is vital. Australia is the sixth largest country
The current report centres on the issues around the Australian car manufacturing sector. The report identifies that the change in the government brought immense change in the local car manufacturing industry. Once the coalition government set it, it withdrew the support (mainly through federal funding) on the local industry. That signifies a hard time and prompted the vacation of some local car firms including Holden. Before the introduction of the changes, the Austrian car manufacturing industry was doing very well and had attracted many players. Nevertheless, the policies of the new Coalition government tightened the operations and brought about ill conditions that confronted the operations of the sector.
The term "industry" refers mainly to manufacturing activity. Agriculture, mining, and most other services are excluded from it. The term "industrialization” literally means the growth of manufacturing industry. It is thus a part of the much broader process of economic development which involves the raising of standard of living, through a steady increase in the efficiency of factors of production. India is a developing country. Economic development here must basically mean raising the productivity of agricultural workers. After a certain stage of development, however, it may become more profitable to transfer the surplus labor to their gainful employments as
Another area of property law would be real property. Real property includes not only the buildings or structures on the land, but also the land owned itself. This can also include the earth below the land, such as owning the mineral rights. Owning mineral rights can sometimes be very important as if a company wants to drill oil and their line has to pass under a land owner’s property the drilling company and land owner must come to an agreement and often times the drilling company pays a large sum of money to make it happen. Real property has three main classifications. The three main classifications of real property are freehold estates, nonfreehold estates, and concurrent states. A freehold estate means the owned property is the land
The key industrial economic sectors are:The primary sector, largely raw material extraction industries such as mining and farming;
The 'term’ industrial sociology includes two terms industry and sociology. ‘The term Industrial means concerning the industry. The word industry is derived from the Latin word 'industrial' which means resourcefulness