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Trade and Travel
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achieve activities advantage agglomeration assume assumption average balance benefits capacity capital central centre Chapter coal coefficients comparative advantage competition congestion consumer surplus consumption cost of transport decisions decrease demand curve demand for transport density distance distribution economy effects efficiency employment equal equations equilibrium exports facilities factors of production figure final demand friction of distance function furlong geographical given gravity model growth income increase industry input-output model inputs investment involved iron labour land linear linear programming marginal cost market areas matrix maximize measure ment monopoly multiplier natural monopoly needs opportunity cost output perfectly competitive plain political population prices and quantities profits providing rail reduce regions rent returns to scale revenue road route sector sellers social space structure supply theory town trade traffic Tralee transport costs transport network trips urban wages welfare welfare economics wheat zero