Reasons of Government Intervention in Transportation Industry
Abstract
Certain function can be carried out satisfactorily only by the central or local government even where the provision of public transport is left entirely to the private sector, the government has an important role to play. If only to ensure through appropriate policy measures that the operating environment is conducive to the development of a suitable transport industry. A fundamental requirement is full government commitment to the success of the transport system even if this requires difficult political decision. In this report, there are few reasons for government involvement in the transport industry with of course based on real-life examples.
TRANSPORTATION INDUSTRY OVERVIEW Transport is that part of economic activity which concerned with increasing human satisfaction by changing the geographic position of goods or people. It may bring raw materials to where they can be manufactured more easily, or finished goods to places where consumer can make best use of them. Alternatively, it may bring the consumer to places where he or she can enjoy services which are being made available. There are 5 types of transportation mode which are road, rail, sea, air and pipeline. Each of it has its own characteristics as well as advantage and disadvantages. The transportation industry can be broken down into three major groups of companies; shipping, passenger transport, and equipment manufacturers. In some cases, particularly within shipping and passenger transport, companies provide services in multiple areas of the industry. Shipping companies are responsible for the transportation of supplies, and products to businesses, governments and individual consumers and operate on a global basis. The passenger transport segment provides people with the means to get anywhere on the planet, whether it is by air, sea or land. Finally, the manufacturing segment produces the trucks, planes, ships and railcars along with all the technology that allow transportation
Certain function can be carried out satisfactorily only by the central or local government even where the provision of public transport is left entirely to the private sector, the government has an important role to play. If only to ensure through appropriate policy measures that the operating environment is conducive to the development of a suitable transport industry. A fundamental requirement is full government commitment to the success of the transport system even if this requires difficult political decision. In this report, there are few reasons for government involvement in the transport industry with of course based on real-life examples.
TRANSPORTATION INDUSTRY OVERVIEW Transport is that part of economic activity which concerned with increasing human satisfaction by changing the geographic position of goods or people. It may bring raw materials to where they can be manufactured more easily, or finished goods to places where consumer can make best use of them. Alternatively, it may bring the consumer to places where he or she can enjoy services which are being made available. There are 5 types of transportation mode which are road, rail, sea, air and pipeline. Each of it has its own characteristics as well as advantage and disadvantages. The transportation industry can be broken down into three major groups of companies; shipping, passenger transport, and equipment manufacturers. In some cases, particularly within shipping and passenger transport, companies provide services in multiple areas of the industry. Shipping companies are responsible for the transportation of supplies, and products to businesses, governments and individual consumers and operate on a global basis. The passenger transport segment provides people with the means to get anywhere on the planet, whether it is by air, sea or land. Finally, the manufacturing segment produces the trucks, planes, ships and railcars along with all the technology that allow transportation