Economic Aspects of Industrialization
Probably the most important consideration with respect to an introduction of industrialized building methods is their economic performance when compared with the conventional alternatives.
The result of such comparison depends on many factors-the cost of basic production inputs such as labor and materials, the rate of interest on investment, the level of demand for building construction and its stability, the nature of a project to be constructed, its distance from the prefabrication plant, and others. An efficient use of industrialization depends, to a large extent, on a good understanding of the economic implications of these factors. The economic analysis can guide the planner or the developer in selection of the most appropriate method for the building activity. It assists the producer in adaptation of his method to the existing and anticipated nature of demand in his vicinity.