Question

In what ways do the transportation and communication help in the

economic development of a country? In 150 words​

Answer 1

Answer:

It plays a major role in the economic uplift of a country as it promotes internal and external trade, economic use of natural resources, mobility of skilled labour-force, diversification of markets, provision of fuel, reduction in employment, increase in agricultural and industrial production etc.

Explanation:

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Answer 2

Answer:

It plays a major role in the economic uplift of a country as it promotes internal and external trade, economic use of natural resources, mobility of skilled labour-force, diversification of markets, provision of fuel, reduction in employment, increase in agricultural and industrial production etc. Transport has an indispensable role in economic activity. Without physical access to resources and markets, economic growth and development would not be possible. An effective transport system is, therefore, a fundamental element in enabling sustainable economic development. Because of its intensive use of infrastructures, the transport sector is an important component of the economy and a common tool used for development. At the aggregate level, efficient transportation reduces costs in many economic sectors, while inefficient transportation increases these costs. 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. Communication plays a vital role in advancing economic growth and reducing poverty. A survey of firms carried out in 56 developing countries found that firms that use Communication grow faster, invest more, and are more productive and profitable than those that do not.