Aviation safety regulations impacts on the economy

Feb 3rd, 2012
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This is a word document for exam practice and can be used as a study guide highlighting a topic in Managerial Economics and can also help students in the aviation sector. It has covered a wide area on the pros and cons of aviation safety regulation on the economy. Get a copy for yourself and learn.

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The effects of aviation safety regulation on the economy.(This course is MBA540: Managerial Economics)Aviation safety regulations refers to the security measures put in place to regulate, protect, control, develop and enhance space transportation. These measures and roles include: Regulating commercial space transportationRegulating air navigation facilities' geometry and flight inspection standardsEncouraging and developing civil aeronautics, including new aviation technologyIssuing, suspending, or revoking pilot certificatesRegulating civil aviation to promote safety, especially through local officesDeveloping and operating a system of air traffic control and navigation for both civil and military aircraftResearching and developing the National Airspace System and civil aeronauticsDeveloping and carrying out programs to control aircraft noise and other environmental effects of civil aviationAir transportation plays a vital role in a country's growth process by accelerating convergence of goods and persons. The contribution of air transport far exceeds that of road transportation sevenfold. Due to these measures that are available in this particular field, there has b

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