3. Explain how transportation and communication help in the economic development of a country.
Answers
Answered by
1
Explanation:
Transportation helps in mobility of resources from one place to another, whether its human resource, materials for manufacturing, finished goods etc. It also helps people to move from one place to another.
Communication helps in the same way, it just helps in making decisions & communicate from one place to another covering lesser time.
All these helps in maintaining the flow of money within any economy and helps to maintain balance between supply and demand, revenue and expenditure.
Also both helps in generation of employment, which also generates taxes and helps inflow of funds within economy which is useful in growth of a nation.
Similar questions
Math,
5 months ago
English,
5 months ago
Math,
11 months ago
Social Sciences,
11 months ago
Math,
1 year ago