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Explain the importance of trade, transport and communication. -

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प्रश्न

Explain the importance of trade, transport, and communication.

थोडक्यात उत्तर

उत्तर

  • They link the areas of production with areas of consumption.
  • They reduce the distance between places of natural resources, manufacturing, and market.
  • They facilitate the movement and exchange of goods and services and people.
  • Today’s world economy heavily depends on efficient trade, transport, and communication.
  • High living standards and quality of life depend on efficient transport, communication, and trade.
  • It promotes cooperation and unity among scattered peoples.
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