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Question
Answer the following question.
"Dense and efficient network of transport is a pre-requisite for local and national development." Analyse the statement.
Solution
A dense and efficient network of transportation and communication is essential for modern-day trade for the following reasons :
- It is necessary to carry raw materials to production centers and from manufacturing hubs to markets in as little time as possible to achieve efficiency. This is particularly true for perishable goods.
- It enables goods to reach newer markets and allows people greater access to goods and services. The efficient transport network enables markets to expand to the hinterland.
- Communication opens new avenues of commerce. Modern communication tools like the internet allow commercial transactions to take place over large distances, facilitating electronic commerce and banking across countries and contributing to the integration of markets. They also keep buyers and sellers informed about their present and prospective markets.
- The development of a country depends upon the production of goods and services as well as their transportation.
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