The multiplicative effect of economic processes on the transport economy complex
Development can be defined as improving the well-being of society through appropriate social, political and economic conditions. The expected results are quantitative and qualitative improvements in human capital (for example, income and education), as well as physical capital, such as infrastructure (utilities, transportation, telecommunications). The development of transport systems takes place in a socio-economic context. While development policies and strategies tend to focus on physical capital, in recent years a better balance has been achieved by incorporating human capital issues. Regardless of the relative importance of physical and human capital, development cannot occur without mutual interaction, since infrastructures cannot remain effective without proper operation and maintenance, while economic activity cannot be carried out without infrastructure. The highly transactional and service-oriented functions of many types of transport activity emphasize the complex relationship between the needs of physical and human capital. For example, efficient logistics relies on both infrastructure and managerial experience.