FARE INCREASE Meaning and
Definition
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A fare increase refers to the act of raising or augmenting the cost or price associated with a particular service or mode of transportation, typically referring to public transportation systems such as buses, trains, subways, or airlines. It involves an adjustment in the fare rates designed to cover various factors such as inflation, operational costs, maintenance expenses, or to improve the overall quality of the service provided.
When a fare increase occurs, passengers or users of the transportation service are required to pay a higher amount for their journeys or tickets compared to the previous rates. This adjustment aims to ensure the financial sustainability and efficiency of the transportation system, ensuring that revenues generated are sufficient to meet the ongoing demands and obligations of the service provider.
Fare increases are often announced after careful consideration by the transportation authorities or companies. These organizations must balance the need for adequate revenue generation with the potential impact of the increased prices on the general public and the overall accessibility of the transportation system. The justification for a fare increase may involve various factors such as rising costs of fuel, labor wages, infrastructure investment, or to maintain a certain level of service quality.
In summary, a fare increase signifies a rise in the price of transportation services, often implemented to cover operational costs, maintain service quality, or ensure financial sustainability.
Common Misspellings for FARE INCREASE
- dare increase
- care increase
- vare increase
- gare increase
- tare increase
- rare increase
- fzre increase
- fsre increase
- fwre increase
- fqre increase
- faee increase
- fade increase
- fafe increase
- fate increase
- fa5e increase
- fa4e increase
- farw increase
- fars increase
- fard increase
Etymology of FARE INCREASE
The etymology of the word "fare increase" can be traced back to the respective origins of each word:
1. Fare: The word "fare" originated from the Old English word "fær", which meant "journey" or "travel". It later evolved to include the idea of a payment made for transportation. The Old English word itself has Germanic roots and is related to the Old High German word "fara" and Old Norse word "ferð".
2. Increase: The word "increase" came from the Latin word "increasare", which means "to grow" or "to augment". In Latin, the word "in-" denotes intensification, and "creasare" is derived from "crescere", meaning "to grow".
When combined, "fare increase" refers to the act of raising or augmenting the payment required for transportation.
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