... is common for many mature industries, as an increase in the number of cars on the road does not guaranty a benefit for society and has both positive and negative effects on the economy of a nation; it can be seen that the external costs and diminishing returns now outweigh the benefits of undercharging (www.vtpi.org). In the short term undercharging provides the individual with a benefit, defined as an internal benefit ... society, but instead further increases the external costs in the long term. A higher number of cars on the road reduces the average speed of travel, causes congestion...

• Word Count: 1664
• Approx Pages: 7
• Grade Level: Graduate

... is common for many mature industries, as an increase in the number of cars on the road does not guaranty a benefit for society and has both positive and negative effects on the economy of a nation; it can be seen that the external costs and diminishing returns now outweigh the benefits of undercharging (www.vtpi.org). In the short term undercharging provides the individual with a benefit, defined as an internal benefit ... society, but instead further increases the external costs in the long term. A higher number of cars on the road reduces the average speed of travel, causes congestion...

• Word Count: 1664
• Approx Pages: 7
• Grade Level: Graduate

... mission for JICA's transportation planning group in Phnom Penh, wanted to encourage the master plan the sky trains, buses, and more to help deal with those concerning problems (Aun & Henderson, 2013). Also, Dimanche told the Phnom Penh Post that the plan with the cooperation with JICA considers the effectiveness to reduce the number of transportation on the road including more buses, a tramway, a subway, and even a sky train ... own private vehicles if the public transportation is to be introduced to cut down the number of vehicles on the road and to ride on the crowded, slow buses i...

• Word Count: 1296
• Approx Pages: 5
• Grade Level: Graduate