Does transportation affect the cost of living?

eldavis

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From what you have explained, i believe it is safe to say the cost of transportation also affect the cost of living. When buying a means of transportation, you would also need to make provisions for maintenance.

 

cherry123

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Cost of transportation also affect the cost of living as the cost of transportation increases of course bthe Cost of living increase as well. The seller will add it to the price of goods.

 

Niyi Briggs

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The direct impact of cost of transportation can best be explained by comparing the cost at the point of production of a product and the cost when it has been conveyed to another place to be sold.

 

IB D

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Transportation is one sector that affects the entire economy. A crisis in this sector has the capability of crippling the whole economy since all sectors somehow relate with it.

 

Heatman

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Niyi Briggs said:

Transportation costs can have a significant impact on the cost of living.

The cost of owning and maintaining a vehicle, as well as the cost of public transportation, can add up quickly. In areas with limited public transportation options or high traffic congestion, owning a car may be a necessity, increasing the cost of living.

On the other hand, in areas with good public transportation and low traffic, relying on public transportation can help keep transportation costs low and reduce the overall cost of living.

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Transportation cost affect everything in the country because every business makes use of one form of transportation or another to transport their business product and services which will be added to the final selling price of those products.

 

flower

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Of course, transportation affect the cost of living in a great way.

 

Sanjeev

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Transportation affects the cost of living as when the cost of fuel increases the cost of all commodities increase which affect people everywhere

 

Niyi Briggs

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Businesses cannot function without having to move products and inputs around, that's why transportation affects the cost of everything.

 

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Stardom22

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According to me, when the cost of transportation is raised, everything is likely to be hiked and so the cost of living.

 

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King Belieal

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Everything in the economy almost hinges on transportation. When transportation costs rise, almost everything would rise because almost every good has to be transported to places that they would be sold.

 

Kera

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I think transportation cost affects the cost of living more than any other factor, because even food and building materials would be transported.

 

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Stardom22

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Of course yes the transportation costs is the back bone for the prices of everything.

 

nomad

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I work from home, so I do not have to travel for work, and in the mean time I save a lot of money on transportation

 

freelancermaria

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The cost of transportation has a significant impact on our overall cost of living. When transportation costs increase, we are left with no option but to spend more than we normally would.

 

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Kosi G

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It seems like everything that has to do with cost of living starts and ends with transportation. When once transportation just goes up, cost of food and every other things rises.

 

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King Belieal

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Few weeks ago, we practically could not survive because the cost of transportation just suddenly skyrocketed because of some crisis.

 

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Fidelia

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Everyone has to pay their way to where they want to go and when it is really expensive to do that, it affects every other aspect of the economy.