Question

Explain how the trade and communication plays an important role in developing industry?

Answer 1

Answer:

If the means of transport and communication are improved, quick and cheap they will increase the mobility of factors of production. The reward of all the factors will become equal. The developed system of transport and communication helps in stabilizing prices of the commodities through our the country.

Answer 2

Question

• Explain how the trade and communication plays an important role in developing industry?

Answer

• If the means of transport and communication are improved, quick and cheap they will increase the mobility of factors of production. The reward of all the factors will become equal. The developed system of transport and communication helps in stabilizing prices of the commodities through our the country.