Road Transportation Economics

Road transportation economics is the study of how transportation by roads affects and is affected by economic factors. It considers costs, such as fuel, vehicle maintenance, and infrastructure, as well as revenues from tolls, taxes, and freight services. This field examines how road accessibility influences trade, employment, and urban development. It also evaluates the impacts of government policy, such as regulations and investments in infrastructure, on efficiency and sustainability. Ultimately, understanding these dynamics helps improve road systems and informs decisions that enhance economic productivity and quality of life.