Explain the main factors of transportation economics
Answers
Transport economics being the movement of people and allocation of resources to and from one destination to another has the following factors which that affect its success as explained below;
The destination of any good or a resource should be defined by the time of transporting that product to the requires destination.Time factor is one of the leading factor especially when transporting goods which are high perishable and so they need a quick means o f transport and time duration from the site of production to the site consumer.
Again,the cost of transport should be reliable in a way that the manufacture of that product should cover the cost of production.He or she should choose a means which is less costly and will earn some profits.
Also choosing the equipment of transporting your goods and services should be relatively cost effective and it should not affect your shipping products through damage and other factors like theft.