Transportation Management Exam

Regulatory Effects on the Transportation Industry sparing do on freight and passenger goTransportation Management , to the organization , is the agency superintendence of the movement of people and goods . That includes oversight of the economic practices of the companies that perform these services . The economic effect of much(prenominal) formula is complexService industries , which include the variant forms of transportation of freight and passengers , are subject to a full array of regulations These regulations affect the economies of transportation services in take issueing ship female genitaliaal . Regulations are imposed on these industries to achieve br various social and economic goals . Whether they achieve these aims is a separate movement . The most obvious effects of regulation are economicWell-crafted , charm regulations stooge be an asset both to labor and the consumer . They can move resources toward socially productive uses and away from negative ones . They can also ensure public safety and foster competitor . Over regulation , however , can have the reversal effectTransportation , like any assiduity , is resistant to regulation . yard exists that shows the negative economic effects of regulation . Over regulation or regulations that are poorly written can unnecessarily stunt economic activity in situations where the free food market could have regulated more effectively . It is up to constitution makers to find a balance that achieved social aims yet allows vocation to thriveThe freight transportation industry and the passenger transportation industry have some similar concerns about regulation . in that location are also regulations that are distinct to each industry therefore the economic effects will likely differ . Regulation can result in a high cost of doing business which is passed down the line to consumers . This is true in both the freight and passenger sectorsThe increased price to consumers has a ripple effect on the economy on the wholly .

Each sector contains complex economies , though , in which the effects of regulation may not always be clearOversight-The military mission , in generalFederal oversight of both the freight and passenger industries is managed by the General Services Administration . It is concerned with both restrictive cooperation and promoting the economic heath of the industries involved . The GSA works collaboratively with businesses to develop flexible regulatory policies and incentives .In both sectors , the GSA is working to smooth the process to electronic forms of transportationThe GSA is working to support the initiatives put forward in the chairperson s Management Agenda (PMA . They include : the expansion of electronic government , the integration of performance and bud nark strategic management of valet resources and improved financial performanceThe Economic Theory of RegulationThe creation of governmental bodies to oversee and regulate certain industries has prompted efforts to measure the effects of such regulation on the overall economy . In 1971 , George Stigler proposed the Economic Theory of regulation , or ET , for shortThis model measures regulatory effects on the supply chain , prices and costs , among other factors . Elements of this surmise have been used to develop some of the more fresh regulatory efforts . The model has since been revisedCritics of this model argue that...If you want to get a full essay, order it on our website: Orderessay

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