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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