The "economy of transport" refers to the efficient use of resources in the transportation sector to move people and goods. It encompasses various aspects, including: 1. **Cost Efficiency**: Evaluating the economic costs associated with different modes of transport (e.g., road, rail, air, maritime) and finding the most cost-effective method of transportation for a specific supply chain or passenger journey. This includes fuel efficiency, maintenance costs, infrastructure costs, and labor costs.
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