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Housing Start
This is the beginning of the construction of a new housing unit. Housing starts are used as an indicator of economic development, since if there is raising demand for new homes that means that families are prospering and are to make long-term investments.
Total Marks – 40 (Note: The information for this question is based on the material contained in Hopkins, Andrew (1999) Managing major hazards: the lessons of the Moura Mine Disast
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