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This is an accepted version of this page This is the latest accepted revision, reviewed on 14 February 2025. Directionality of traffic flow by jurisdiction Countries by direction of road traffic, c. 2020 Left-hand traffic Right-hand traffic No data Left-hand traffic (LHT) and right-hand traffic (RHT) are the practices, in bidirectional traffic, of keeping to the left side or to the right side ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
While factorially distinct from Eysenck's previous R factor, the S-factor did positively correlate with the R-factor, indicating that a basic left–right or right–left tendency underlies both social values and economic values, although S tapped more into items discussing economic inequality and big business, while R relates more to the ...
The Downs–Thomson paradox (named after Anthony Downs and John Michael Thomson), also known as the Pigou–Knight–Downs paradox (after Arthur Cecil Pigou and Frank Knight), states that the equilibrium speed of car traffic on a road network is determined by the average door-to-door speed of equivalent journeys taken by public transport or the next best alternative.
Regulation of the supply of transport capacity relates to both safety regulation and economic regulation. Transport economics considers issues of the economic regulation of the supply of transport, particularly in relation to whether transport services and networks are provided by the public sector, by the private sector, or a mixture of both.
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The economic (left–right) axis measures one's opinion of how the economy should be run. [1] In economic terms, the political left is defined as the desire for the economy to be run by a cooperative collective agency, which can mean a sovereign state but also a network of communes , while the political right is defined as the desire for the ...
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