Low Transporting Cost Is Not the Only Criterion for Selecting

question 90

True/False

Low transporting cost is not the only criterion for selecting the best mode of transportation.

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Definitions:

Laws of Supply

Economic principles stating that as the price of a good or service increases, the quantity supplied of that good or service rises, and vice versa.

Developed, Democratic Countries

Nations characterized by advanced economic development, democratic governance, and high levels of social welfare.

Market Economies

Economic systems where supply and demand from consumers drive the production, allocation, and distribution of resources.

Privatisation

The selling of state‐owned enterprises into private ownership.