Name the auxiliary to trade which removes the hindrances of exchange.
Answers
Answer:
Auxiliaries to trade are briefly discussed below (a) Transport and Communication Transport removes the hindrances of place. Transport facilitates through road, rail or coastal shipping facilitate movement of raw material to the place of production and the finished products from factories to the place of consumption
Explanation:
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Answer:
For example, transport removes the hindrances of place by moving goods from the places of production to the markets for sale, storage and warehousing activities removes the hindrance of time by facilitating holding of stocks of goods to be sold as and when required. 4.
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