In: Accounting
Public goods are important in many aspects of modern life. Discuss and contrast the advantages and disadvantages of public highways versus toll roads. Remember to contextualize, define, exemplify, and illustrate relevant concepts.
Answer:
Advantages of Public Transport: Good transport infrastructure, like highway network enhances transport system that reduces transportation cost and this, in turn definitely reduces the production cost while it inceases productivity and profitability of organizations.
The major advantage is that it can enable door to door delivery of goods and material and can provide a very cost - effective means of cartage, loading and unloading.
Disadvantage: The disadvantage are wheather , accidents, traffic and limited speeds, poor maintainence of raod, rising cost of petrol and diesel, unsuitable for long distance and bulky goods.
Advantage of Toll roads: Toll road also reduce polltution from the greenhouse gan and other emission which result from sitting and wasting fuel in traffi. A toll road also serves the purpose of allowing vehicle to move at speeds which are fuel efficient
Disadvantage: Toll roads are an efficient , backward approach to providing public highways, worse they foster corruption, political patronage and discourage needed improvements on the rest of the highway system.