How transportation and communication help in the economy developed by a country
Answers
Answer:
transportation and communication are very important in economy development of a country because a good transportation system help us to transport goods and peoples easily from one place to another and a good communication system help to communicate between people easily
Answer:
Economic development needs information dissemination on products and services needed and logistics to move the consumption material from where it is produced to where it is needed.Ideally if 100% of demand is met up by 100% goods and services,the economy is fully saturated.
Explanation:
Economy runs on the wheels of demand and supply.Communication helps in the demand points understanding the supply points and vice versa.The supplier must understand the exact nature of demand to meet the specifications in terms of time and cost.After communication and production,the material so produced must move to where it is required to complete the demand and supply cycle.
Thus communication and transportation are the prerequisites of economic development for communities spread across the globe.