Railway Economics

Railway economics refers to the study of how railroads operate within the economy, including their costs, pricing, and the benefits they provide. It considers factors like infrastructure investment, maintenance, and operational efficiency, as well as the impact of rail transport on trade, employment, and environmental sustainability. Railways often benefit from economies of scale, where increased use lowers costs per unit. Understanding railway economics helps in making informed decisions about infrastructure projects, public policies, and service improvements, ultimately affecting regional development and connectivity. Efficient rail systems can enhance economic growth and reduce congestion on roads.