Social Cost of Transport

The social cost of transport refers to the total costs associated with transportation that affect society as a whole, beyond just the price paid by users. This includes not only the direct costs like fuel and maintenance, but also negative impacts such as air pollution, traffic congestion, accidents, and climate change. These factors can harm health, increase public spending on infrastructure, and reduce overall quality of life. Understanding social costs helps policymakers make informed decisions about transportation systems, aiming for solutions that benefit both individuals and the wider community.