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| 1. |
AID TO TRADE ( transportation) |
| Answer» The importance of\xa0aids to trade\xa0TransportIn the modern times there is a vast distance between centers of\xa0production\xa0and the centers of consumption. This difficulty is removed by an important aid to trade known as Transport.Transport creates place utility.There are several types of transport such as Air, Water and Land transport. The geographical distance between producers and consumers is removed with the help of transport.<a href="https://lh3.googleusercontent.com/_iFIztPmvqg8/TXJV5FjgnDI/AAAAAAAAEOw/RKmpA0ZQjco/Types-of-Transport.png" imageanchor="1" rel="lightbox-What-Are-Aids-To-Trade" title="Types of transport"></a>The three main modes of transport:\tLand:\tRoadRailyway\t\t\tWater:\tRiverSeaCanals\t\t\tAir:\tAirway\t\t | |