1.

Role of transportation in trade.

Answer»
  • Transport support trade and industry in carrying raw material to the place of production and distribution of finished products for consumption.
  • Transport means to make goods available to consumers.
  • Transport makes possible movement of goods from one place to another with great ease and speed.
  • Trade means exchange of goods and services. In trade there is movement of goods from surplus areas to scarcity areas. The movement of goods is possible only because of transport.
  • In other words, without the help of transport development of trade is not possible.
  • Thus, transport plays an important role in economic development and globalisation of trade.


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