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Question
Justify the following statement.
Transport creates place utility.
Solution
- Transport is one of the important auxiliaries to trade.
- Transport brings raw materials and people to the place of production and carries finished products to the market.
- There are different modes of transport through it carries goods and people from one place to another. They are rail, road, water, and air.
- If goods are produced in one place, they may not have demanded at that place only.
- Transport carries them to another place where they are demanded and create place utility.
- Thus, we can say that transport creates place utility.
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