Explain in your own words how traffic congestion leads to allocative inefficiency.

Business

1 answer:

vlabodo [156]3 years ago

7 0

Answer:

Wear and tear on vehicles leads to more recurrent replacements and repairs.

Explanation:

Traffic congestion can occur as a result of a lack of road capacity.

The causes of traffic congestion include overpopulation, frequent use of private cars, and inadequate public transport.

Traffic congestion may slow down the growth of metropolitan cities.

It also formulates economic geographies.

Wear and tear on vehicles leads to more recurrent replacements and repairs.

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