“A dense and efficient network of transport and communication is a pre requisite for
Local, National and Global trade of today.”
On the basis of reading of the statement answer the questions given below: (3)
A. Do you think the given statement is justified and right?
B. Why does this network become a pre requisite for trade today?
Answers
Explanation:
) The means of transportation help in the production and movement of goods and
Explanation:
Argument to support this statement are :
I)Fast and efficiently moving transport is required for traded items to reach their destinations on time, otherwise business will suffer.
ii) Communications are vital for international trade where much advance planning is required for success! If a communication fails, it can create heavy losses in trade.
iii) Transport is required to carry raw materials to production centres and from manufacturing hubs to markets particularly for perishable goods.
iv) Modem communication facilities like the internet allow commercial transactions to take place over large distances including overseas transaction. They also keep buyers and sellers informed about their present and prospective markets.
Thus, it can be concluded that dense and efficient network of transport is a pre-requisite for national and international trade.