Globally, there is general increase in price of goods and services, particularly commuting fees. Several nations’ expenditures on transportation are growing drastically. The causes of this are largely related to political and economic factors. Therefore, the solutions rely on proper planning of the governments. This essay will discuss the major reasons of the swift surge and propose some possible ways of of resolving them.
One big issue of the gradual rise in the costs of traveling is poor provision of public utilities by the authorities. For example, government failed to provide the essential amenities, such as the construction of good roads. As a result, companies incur additional costs, which they pass on to the final consumers. if the important parastatals, including transportation sectors, are ignored, it will impact on the public. The possible resolution is for the government to allocate more funding to critical sectors. This will improve the availability of economic resources and lead to the smooth operation of the country. Consequently, maintenance and repair costs on vehicles will be minimal and hence be reflected in the travel ticket fees.
Another major concern is the general increase in the prices of commodities, which also impacts on all other activities, namely transportation. For instance, when the currency of a country depreciates, it affects some other products, such as fuel. It is, in fact, in stages, as changes in prices go up, it automatically influences other products. The corresponding remedy is the implementation of subsidy by the government to reduce the degree of the cost on final users. If authorities provide grants to its citizen, it will relieve them of financial stress.
In summary, the transportation expense for various countries are constantly increasing, due to contextual elements, and it is up to the government to solve the issue. Inadequate infrastructural facilities and inflation are the main factors of this problem. To solve it, authorities should provide basic amenities and introduce subsidy. In my view, Only if fuel costs are reduced would the transportation cost lessened.