Describe the principal characteristics of transport demand

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Reference no: EM133573740

The purpose of this assignment is that students will be able to apply transport economics theory to a given scenario. This assignment will also help you to practice your writing skills and prepare you for the exam. Please note that feedback does not entail a detailed memo of an exact answer to each question. This feedback will be more on how you should have approached the questions and typical errors that students have made.

Question

1. Workable competition is a form of competition that might lead to optimal allocation of scarce factors of production. Analyse the concept of workable competition and its possible application to transport.

2. Describe the principal characteristics of transport demand.

Reference no: EM133573740

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