Does transportation affect the cost of living?

[eldavis]

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]

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]

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]

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]

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.

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]

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

 

[Sanjeev]

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]

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

 

[Stardom22]

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

 

[King Belieal]

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.