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TRL2602 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (258286) - DUE 20 March 2025

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TRL2602 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (258286) - DUE 20 March 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us. ... QUESTION 1 1.1 Discuss how Transport Economics impacts the local communities. (5) 1.2 Discuss the economic concept of utility and indicate how the different types of utility in transport can contribute to a healthy competitive advantage. (10) 1.3 Briefly discuss the impact that increasing population numbers have on transportation planning. (5) 1.4. Describe the principal characteristics of transport demand. (10) TRL2601 TRL2603 TRL2604 TRL2605 TRL2605

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TRL2602
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations

Unique number: 258286

Due Date: 20 March 2025
QUESTION 1



1.1



Transport economics significantly impacts local communities by facilitating access to essential
goods, services, and employment opportunities. Efficient transportation systems help lower
costs for businesses, increase productivity, and enable the flow of goods to local markets. This
improves the standard of living and drives economic growth by providing residents with access
to broader markets, thereby boosting local commerce. Conversely, poor transport
infrastructure can hinder community development by isolating residents, increasing
transportation costs, and limiting opportunities for trade and economic engagement.



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