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housing search - Coggle Diagram
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efficiency
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goods and services are not high quality which decrease profits as there are less consumers interested in the product/service
Longer commutes can be seen as less efficient in terms of time, money, and energy due to its inconvenience on people, and the workplace and the cost implications of that eg fuels, frequent car repairs.
economic well being
longer commuting hours can deteriorate the economic well being in the area. One reason for this is that the quality of life is being decreased, people are getting more aggravated due to the time wasted on actually getting to work, and the implications of that eg traffic, fuel prices. this affects work mood of employees consequently meaning that the economic agents such as the firm produce less or not in good quality which effects the economical well-being of the area. firms are economic agents as
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intervention
government intervention in a scenario like this could include offering employees higher wages in order to systain there
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interdependence
basically our hosing choices impact the commute we travel which impacts the limited resources we have, and all these factors rely on each other ie you cant travel without fuel which requires money. The choice we make on our housing in regards to the workplace can impact our jobs (effect the work mood, and may be inefficient), financial status (too much money goes onto fuel in order to arrive at work).
scarcity
this relates to the amount of resources available. in some developing countries fuel prices are expensive, and usually there is a shortage affecting people ability to travel long distances from their house to the workplace. most workplace don't pay for the commuting hours, so the employees are losing their money on the investment in fuel since they do not get compensated for their travel hours. in regards this worsens the employee mood on work and may affect their performance in the business. In addition, people have to make use out of other limited sources such as time and money to balnce their housing, and commuting preferences.
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change
The article mentions the increase in the number of people with long commutes since 1990, highlighting how economic and lifestyle choices can change over time.
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