transport and communication plays an important and vital role in developing industries. explian how?
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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.
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The developed system of transport and communication helps in stabilizing prices of the commodities through our the country. Due to the quick and cheap transport system, raw material can be easily supplied to factories on lower cost. Even from out side the country it can reach in time.
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