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The vehicle had a wooden carriage that rode on "superior Western wheels" and was a dramatic improvement over earlier modes of transportation. Whereas the earlier sedan chairs required two people, the rickshaw generally only required one. More than one person was required for hilly or mountainous areas.
For example, Ford Model T vehicles were modified for passenger transport by early bus companies and entrepreneurs. [2] Ford produced a version during the 1920s to carry up to twelve people. [3] [4] [5] In the Soviet Union, the production of minibuses began in the mid-1950s, among the first mass-produced minibuses were the RAF-10, UAZ-451B, and ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Economic sociology arose as a new approach to the analysis of economic phenomena; emphasizing particularly the role of economic structures and institutions that play upon society, and the influence a society holds over the nature of economic structures and institutions.
The vehicle had a maximum speed of 18 km/h (11.2 mph) and accommodated up to 20 passengers, in an enclosed area below and on an open-air platform above. With the success and popularity of this bus, DMG expanded production, selling more buses to companies in London and, in 1899, to Stockholm and Speyer . [ 16 ]
A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
Marshall Sahlins, a well-known American cultural anthropologist, identified three main types of reciprocity in his book Stone Age Economics (1972). [10] Gift or generalized reciprocity is the exchange of goods and services without keeping track of their exact value, but often with the expectation that their value will balance out over time.
This picture illustrates a variety of transportation systems: public transportation; private vehicle road use; and rail. Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. [1]