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Devoting Resources to Building New Railway Lines

Question

Discuss whether or not a country should devote more of its resources to building and operating new railway lines and stations.

Category:

Economic Growth and Development

Frequently asked question

Preview Answer

I. 🍃Introduction
- Brief overview of the topic
- Importance of discussing the pros and cons of building railway lines

II. Pros of building railway lines
- Increased efficiency of the transport system
- Improved infrastructure
- Meeting rising demand
- Reduced travel time and transport costs
- Increased international competitiveness of firms
- Attraction of MNCs
- Raised net exports and increased output
- Reduction of congestion and pollution
- Increased employment and mobility of labour
- Long-term increase in government tax revenue

III. Cons of building railway lines
- Opportunity cost of resources
- Potential inefficiency in resource allocation
- Limited reflection of consumer demand
- Underutilisation of the current rail system
- Environmental harm, such as destruction of wildlife habitats
- Lack of resources suited to the industry, such as skilled engineers

IV. 👉Conclusion
- Summary of the pros and cons
- Importance of considering all factors before making a decision
- Final thoughts on the topic.

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