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Uber, Has a higher capacity utilisation rate - Coggle Diagram

- - - - Having just launched near the end of the recession, Uber came at a perfect time for those looking to earn money or create income for themselves, especially those who were laid off during the crisis.
  - - - Uber utilises modern internet based mobile technology to connect passengers to drivers
      - Due to
        
        More efficient driver passenger matching technology
        
        Larger scale of Uber than traditional taxi companies
        
        Inefficient taxi regulations
        
        Uber's flexible labour supply model and surge pricing more closely match supply with demand throughout the day
- - - - Taxi drivers required to obtain occupational licence in order to transport passengers
        
        Drivers restricted from picking up passengers outside that jurisdiction that issued license
      - Number of taxi drivers often limited by number of medallions issued
      - Fares often set by regulatory bodies
      - Can improve safety and yield other benefits but can also reduce efficiency of the economy, raise costs for consumers and lead to misallocation of resources
- - - - Gives more convenience, transparency and lower costs
    - - However these can be costlier and rely on good and fast charging infrastructure so drivers aren't waiting around for ages to charge cars
- - - - On average 30% higher measured by time and 50% higher measured by miles