My answer in regards to the most important factor in house pricing would be: Location.
If the house is located in a bad neighborhood or is simply a large house surrounded by small houses, the value of the house goes does (meaning the price decreases). Also, the average price of the surrounding houses affects the house's price. Example: if you are going to sell your house which is small in a nice neighborhood with large houses, the value (price) will go up on your house.
So in short, location is often a large determination in house pricing.
Hope this helps! :)
Answer: It is a set of actions taken by interest groups on issues that relate to the economy.
Explanation: An economic policy is when there is a course of action intended to control or influence the economy's behavior. (Like being told as a kid to not run down the hallway or else you'll get hurt.)
Scarcity is the fundamental problem facing all societies. It is the condition that results from society not having enough resources to produce all the things that people would like to have.
A civic duty is the responsibility of a citizen.
