Question

Define Removal of hindrance of place

Answer 1

Answer:

Hindrances of exchange: Hindrance of exchange is overcome by trade. Trade is an integral part of commerce. It simply refers to sale, transfer or exchange of goods and services. It helps in making the goods and services available to ultimate consumers.

Answer 2

Answer:

Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade. (ii) Hindrance of place refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.

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