In this article which is based on our yet to be published report on connectivity and productivity, we take a snapshot of the cost of traffic congestion.
Traffic congestion is a problem of demand and supply: too many vehicles on too few roads.
Though gridlocks may indicate economic growth within a particular location, beyond a certain threshold, however, the associated costs – increased transport costs, reduced welfare of commuters, and lower productivity levels of employees – could disrupt and ultimately, lead to a slowdown of business activities.
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