Planning Flashcards
Is a building or a structure that has the ability to be occupied for habitation by humans
Housing
Means shelter, home or a house
Hus
The backlog is projected to reach around —— units by 2023
6.5 million
Target low-income families, but limited, and quality is often below standard
Socialized housing
Is a basic economic principle that explains the relationship between supply and demand for a good or service, and how that interaction affects the price of that good or service.
Law of supply and demand
When there is a high demand for a good service, its price rise or fall?
Rise
If there is a large supply of good or service but not enough demand for it, the price rise or fall?
Fall
Supply and demand work against each other until the point at which the — price is achieved.
Equilibrium
Dictates that people will have lower and lower demand for a good as its price rises ever higher.
Law of demand
Lower price drive demand
True or false?
True
They value and purchase something more when it’s cheaper
Consumers
Says that a higher price will induce producers to supply a higher quantity to the market
Law of supply
Filipino families are envisioned to live in comfortable homes with secure tenure and necessary amenities.
AmBisyon Natin 2040
Created a national framework which was used to determine the housing backlog and housing needs of the country.
The Statistical Research and Training Center (SRTC) and the Housing and Urban Development Coordinating Council (HUDCC)
Current Price ceiling of Open market
Above 4million
