Economics of Transportation

Economics of transportation studies how goods, services, and people move and the costs involved. It involves analyzing transportation costs, such as fuel, maintenance, and infrastructure, and how these affect prices and decisions. It also examines factors like supply and demand, competition, and efficiency to determine optimal routes and modes of transport. The goal is to minimize costs while maximizing speed and reliability, benefiting consumers and businesses alike. Good transportation economics helps plan infrastructure, reduce congestion, and promote sustainable mobility, ultimately supporting economic growth and connectivity.