Transport infrastructure, Microeconomics

Transport Infrastructure:

The development of transport infrastructure plays an important role in the growth process through increasing mobility of resources and increasing factor productivity. Transport infrastructure saves time and decreases the cost of transportation, and, thereby, helps both the rich and the poor. Transport development in rural areas strengthens linkages between towns and the countryside. Along with irrigation, it helps adoption of new technology by reducing the cost of inputs and marketing of outputs. It helps the rural poor by increasing their accessibility to schools and health centres and enables them to obtain non-farm employment in far-away places. In India, the share of the transport sector in Gross Domestic Product in 2003-04 was 5.55 per cent (calculated at 1993-94 prices). Roads, Railways, Airports, and Seaports are the infrastructure constituents of Transport Sector. 

Posted Date: 11/10/2012 7:31:57 AM | Location : United States







Related Discussions:- Transport infrastructure, Assignment Help, Ask Question on Transport infrastructure, Get Answer, Expert's Help, Transport infrastructure Discussions

Write discussion on Transport infrastructure
Your posts are moderated
Related Questions
What are the properties of indirect utility function? Properties of the indirect utility function: While u(x) is continuous and monotonic onto R L + and (p, m) > 0, the in

Society of International Financial Telecommunications: The foreign exchange market operates worldwide, that is, the reach of the foreign exchange market is global. The foreign

In year one, suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. The U.S. Treasury will issue $ billion of governm

Q. State the Keynesian Theory of employment? Under employment Theory, Govt interference Aggregate Demand- Aggregate supply- Effective demand, Income and employment consumption

1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy?  (3) Who are the main economic players


Allocation Function The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market.

what is an iso curve

Analysis of business portfolio by using Boston Consultant Group (BCG) Matrix.