Transport Trends Flashcards
1
Q
Mode of transport
A
means of transport, basically road, rail, air and sea transport
2
Q
Infrastructure
A
Anything that provides for the operation of transport
3
Q
Transport
A
the movement of people and goods for personal and business reasons
4
Q
Derived demand
A
demand that depends upon the final output that is produced
5
Q
Privatisation
A
sale of state owned business activity to the private sector
6
Q
Forecast
A
a future estimate usually based on past information
