REM 600 Lecture Notes - Lecture 2: Toronto City, S&P 500 Index, Henri Lefebvre
21 Sep 2016
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Assignment due next week by 5pm 500 words literature review on each article. Understanding how the industry is structured: atomized or oligopoly (small group of large entities dominating the market; ie. bell, rogers, telus, etc. ) Housing building industry: remain atomized, go through mergers (small companies merge to bigger entities) Until recent, housing industry was dominated by small firms. Examples: if it costs you m to finish a home; sell for . 3-. 4m, mattamy homes: m profit, building 3000 homes per year at ,000 profit per home. Firm size structure in north amercian housebuilding: persistent deconcentration, 1945 98. The largest 100 industrials now represent about 1/3 of all manufacturing output (intro) From mfg. industries in the 1970s, 1/3 of total production are coming from 100 industries. Many assumed that housebuilding should be an industry of large and presumably more efficient firms .
