ABSTRACT
The theory of supply and the main factors that impact upon the supply of transport services
The market and economic principles that underpin the provision of transport services and
ensure that such services are provided to those that are willing and able to pay the market
price
The important role of the price mechanism in balancing the needs of the users and
providers of transport services
That even where transport markets are closely controlled and regulated by public
authorities, underlying economic principles still apply.
