Question

In: Economics

3. What is the development of urban transportation system?

3. What is the development of urban transportation system?

Solutions

Expert Solution

development of the economy depends upon the transportation system of that economy.it there is developed transportation in the economy then the growth would be considered to be fast and smooth and thus vice versa is also true.deveopment of transportation means when government of a country generally execute spending on the development of various manner of transportation like construction of roads,bridges,flyovers,airports,railways etc this entire process is known as development of urban transportation.

therefore development of transportation system is very important in the urban economy system which results in the smooth and easy movement of goods and people in the economy.

MODES OF TRANSPORTATION-

  • roadways
  • railways
  • seaways
  • airways

REQUIREMENT AND IMPORTANCE OF DEVELOPMENT OF TRANSPORTATION-

  1. SAVING IN TIME-when there is the development in the transportation in the economy,then the transfer of goods and product as well as the movement of people is easy and this increase the time efficiency and everyone is free to choose the mode of transportation as per their will and their affordability.
  2. INCREASE IN EFFICIENCY-transportation increases the efficiency of the economy and provides various benefits like the subsidiary development,due to effective transportation system the foreign investors would be encouraged to invest in the economy.
  3. INFRASTRUCTURAL DEVELOPMENT-due to efficient and effective transportation system the infrastructural development of the economy is possivle.better roadways,bridges,flyover lubricate the wheel of economic development.
  4. INCREASE IN NATIONAL INCOME-due to efficient transportation system the economy grows faster and when the business grow then the government generates its income through taxation,toll and other manners.
  5. OVERALL DEVELOPMENT-it has been seen that the standard of living of people is generally higher in the economy where basic amenities and urbanization is possible.people can execute various business and non business activities in different sector/place of the economy due to the effective transportation system.

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