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Iii) A person who contracts to supply materials or labour for building.​

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Final answer:

A contractor is one who provides materials or labor for construction, involving both physical labor and technical knowledge. This professional helps increase worker incomes, affecting economic demand and illustrating the interconnectedness of industry roles, customer relations, and economic activity. Contractors also rely on understanding social structures and securing resources for successful project completion.

Step-by-step explanation:

A person who contracts to supply materials or labor for building is typically known as a contractor. Contractors play a crucial role in the construction industry, providing both physical labor and mental expertise. These professionals must be adept in planning and executing construction projects, which involves organizing blueprints, adhering to building code regulations, and operating complicated tools. In addition, contractors coordinate the supply of materials and may hire laborers or other contractors to carry out specific tasks, thereby fuelling the economy by increasing workers' incomes and subsequently their ability to demand goods and services.

In contrast to a customer, who is an individual or organization paying for a product or service, contractors provide the service, often to the customer. If a construction worker, such as a carpenter or mason, is laid off, they may take a job in a different field like the fast food industry, although it may be out of their area of expertise or interest. This shift of labor indicates the versatility and adaptability of the workforce in response to economic changes.

In the broader context of engineering and large-scale projects, as described in LibreTexts, those leading the work, such as engineers, must understand the capabilities of laborers and how to work within the social structures to obtain resources for their endeavors. Similarly, in any job involving construction, whether laborers or managers, there is an inherent connection to the social structures and economic factors at play.

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