Context
Railway System Economics
Article REF: TRP3072 V1
Context
Railway System Economics

Author : Alain SAUVANT

Publication date: August 10, 2022 | Lire en français

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1. Context

1.1 Economics as a key to understanding the railway system

A few definitions of the key words "economy" and "system" may be useful for a better understanding of the subject.

One of Le Robert dictionary's definitions of "economy" is "the science of phenomena concerning the production, distribution and consumption of wealth and material goods in a human group".

But it is also, according to the same dictionary, "the organization of parts, of a whole," as well as "the proper administration of material wealth (of a house, a state)."

The word "economy" has many meanings, from describing phenomena to finding the best ways of managing them.

In this way, it aims to provide keys to understanding...

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