Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Discuss whether the involvement of private sector in the provision of transport investment will increase economic efficiency.
Expert Solution
Step 1
Transport infrastructure is necessary for the economic efficiency. Private investors can invest in transportation . Resources of government are limited and inefficient . Government also face financial crisis. Then Private investors can make investment in transportation such as in roadways, highways and airways. Investment can increase gross domestic product and income in an economy.
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