Question

Explain the importance of trade, transport, and communication.

Answer 1

• 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.