, TRL2602 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 (258286) - DUE 20 March 2025; 100%
correct solutions and explanations.
QUESTION 1 1.1 Discuss how Transport Economics impacts
the local communities. (5)
Transport Economics plays a crucial role in shaping local
communities by influencing economic growth, social
development, and overall quality of life. Below are key ways in
which Transport Economics impacts local communities:
1. Economic Development and Employment Creation
Efficient transport systems enable businesses to move
goods and services easily, supporting local economic
activities.
Transport networks create job opportunities in logistics,
public transport services, and infrastructure maintenance.
Improved transportation reduces business costs, attracting
investments and fostering economic growth.
2. Access to Markets and Services
Reliable transport systems allow local businesses to reach
broader markets, boosting trade and commerce.
Farmers and small-scale entrepreneurs benefit from better
access to supply chains and distribution networks.
Transport facilitates access to essential services such as
healthcare, education, and banking.
3. Urbanization and Land Use Planning
Semester 1 2025 (258286) - DUE 20 March 2025; 100%
correct solutions and explanations.
QUESTION 1 1.1 Discuss how Transport Economics impacts
the local communities. (5)
Transport Economics plays a crucial role in shaping local
communities by influencing economic growth, social
development, and overall quality of life. Below are key ways in
which Transport Economics impacts local communities:
1. Economic Development and Employment Creation
Efficient transport systems enable businesses to move
goods and services easily, supporting local economic
activities.
Transport networks create job opportunities in logistics,
public transport services, and infrastructure maintenance.
Improved transportation reduces business costs, attracting
investments and fostering economic growth.
2. Access to Markets and Services
Reliable transport systems allow local businesses to reach
broader markets, boosting trade and commerce.
Farmers and small-scale entrepreneurs benefit from better
access to supply chains and distribution networks.
Transport facilitates access to essential services such as
healthcare, education, and banking.
3. Urbanization and Land Use Planning
