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Question
Answer in detail:
Why is transportation system important in the development of any nation?
Solution
Transportation plays an important role in the rapid economic growth of a nation. The introduction of railways has historically been the most important and powerful single factor in the process of economic development of industrial countries like the USA, France, Germany, Japan, etc. The significance of transportation in economic activity is found in its effects on both human wants and satisfaction of wants through the production and distribution of goods. Transportation increases the quality and variety of consumer goods, stimulating the demand and development of trade and the nation's economy. Transport provides various employment opportunities and boosts the economy of the country. For example, many people got employed in the Metro rail track construction work.
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