A government grant is a financial award provided by a government body to an organization to support activities that are deemed socially or economically beneficial. These grants can be either revenue-based or capital-based and have specific accounting treatments according to Financial Reporting Standards.
Overbuilding occurs when there is excess real estate construction in an area, surpassing the market's ability to economically support it. This can lead to high vacancy rates, low rental income, and declining property values.
