3 PAGE PROJECT
3 PAGE PROJECT
ANSWER
Transport and technology are integral part to any society. Their strategic importance
cannot be underestimated as products & services must reach their final consumer.
The importance of the sector to the overall development of any nation cannot be
overemphasized as transport innovation was a catalyst for growth in the 19 th Century
industrial revolutions, and innovations in transport and innovations in transport and
logistics also led the economic & environmental drivers of the technology revolution
of the last Century.
When transport technology systems are efficient, they provide economic and social
opportunities and benefits that result in positive multiplier effects such as better
accessibility to markets, employments and additional investments. Transport
technology carries an important social and environmental load, which cannot be
neglected.
Therefore, it is rather impossible for a low productivity to occur at the work places
of students of this great institution.
2. TRANSPORT COST IS VERY IMPORTANT TO EVERY ECONOMY
DISCUSS (2 PAGES)
ANSWER
Economy thrives on having the right Infrastructure that consists of features such as proper
Road Links and Modern Airports. Many Industries require transport to improve their
businesses
The expected outcomes are quantitative and qualitative improvement in Human capital
(e.g. Income and Education levels) as well as Physical capital such as Infrastructures
(Utilities, Transports, Telecommunication)
The highly transactional and service oriented functions of many transport activities
underline the complex relationship between its Physical and human capital needs. For
instance, effective logistics rely on infrastructures and managerial expertise.
CORE
The most fundamental impacts of transportation related to the physical capacity to convey
passengers and goods and the associated costs to support this mobility. This involves the
setting of routes enabling new or existing interactions between economic entities.
OPERATIONAL
Improvement in the time performance notably in terms of reliability, as well as reduced
loss or damage.
This implies a better utilization level of existing transportation assets benefiting its users
as passengers and freight are conveyed more rapidly and with fewer delays.
GEOGRAPHICAL
Access to a broader market base where economies of scale in production, distribution, and
consumption can be improved. Increases in productivity from the access to a larger and
more diverse base of inputs (raw materials, parts, energy, or labor) and broader markets
for diverse outputs (intermediate and finished goods).
Finally in every aspect of man’s activities, transportation has come to play a vital
role which ranks it among the most important determinants of success in human and
economic activities.