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Give reasons for the regulations in the transport industry

Give reasons for the regulations in the transport industry.

Answers


kevin
The main reason is that it deals with life of many people and if not regulated can lead to high number of accidents which leads to death.

To maximize social welfare by preventing various sources of market failure e.g preventing monopoly within the industry,socio-economic argument so as to provide a basic standard of service to citizens.

It can be to promote national unity through construction of national roads which link citizens together.
sande kevin answered the question on December 26, 2017 at 07:38

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