EQUILIBRIUM OF DEMAND AND SUPPLY IN THE CONSTRUCTION MARKET

Abstract

This article examines the equilibrium of demand and supply in the construction market. The construction sector is a key component of the economy, where the balance between demand for construction services and the supply of resources such as labor, materials, and capital determines market stability and price levels. The study analyzes the main factors influencing demand and supply in the construction industry, including economic growth, investment activity, population dynamics, government policies, and changes in material and labor costs. Special attention is given to how market equilibrium is affected during different phases of economic cycles, such as expansion and recession. The findings show that maintaining a balance between demand and supply is essential for ensuring sustainable development, price stability, and efficient allocation of resources in the construction market.