Tong Bai1, Yu Zhao2
1 Institute of Business Adminstration, Krirk University, Bangkok 10220,Tailand
2 Institute of Date Science, City University of Macao, Macao 999078, Macao, China
Generally speaking, there are two main ways for the government to manage the real estate market, namely, macro-control and micro-control. The macro-control of the real estate market is the macro-economic management function of the government, which aims to promote the balance between the total supply and demand of the real estate market and ensure the basic housing needs of residents; the regulation of the real estate market is the micro-economic control function of the government, which aims to standardize the behavior of the microeconomic subjects of the real estate market and improve the efficiency of market operation. It is of great significance to correctly distinguish the macro-control of the real estate market from the real estate market control, reasonably define their respective policy boundaries, and coordinate the repeated contents of the two, in order to clarify the role of the government in the macro-control and micro-control of the real estate market, it is of great significance to realize the stable and healthy development of the real estate market.
real estate market, macro-control, micro-control, policy boundary
Tong Bai, Yu Zhao. Macro-control, Micro-control and Real Estate Market Stability. Academic Journal of Business & Management (2020) Vol. 2, Issue 7: 37-40. https://doi.org/10.25236/AJBM.2020.020703.
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