A Developer of a High-End Condominium Project in a Downtown

question 94

Essay

A developer of a high-end condominium project in a downtown area of a large city chooses to incorporate the concept of sustainable growth into her project. What will be the underlying goal (definition) of sustainable growth as it applies to her project, and what are examples of design goals/features that she might incorporate?

---

Definitions:

Producer Surplus

The difference between the amount producers are willing to supply goods for and the actual amount received from selling those goods.

Government Payments

Financial transfers made by the government to individuals, businesses, or other governments, often as part of welfare, subsidy programs, or for procurement of services and goods.

Market Units

Denotes the standardized quantities or measures used to specify transactions in a particular market.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.