what are efficient means of transport pre -requisitis for the fast development of a country. explain
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The means of efficient transportation are an indispensable component of modern civilization. The economic development of a country depends largely on an efficient and adequate system of transport. They form a very important class of instrumental wealth.
Development of an efficient transport system is a pre-condition of our economic development. Transportation and Communication have an important bearing on the development of exchange and markets. They:
increase land values,
break economic circles, and thus tend to equalize prices,
make labor more mobile,
enable a greater division of labor among different industries and countries,
determine the geographical distribution of industries,
break economic circles, and thus tend to equalize prices,
play a very important part in relieving distress in the famine-stricken areas by rapid distribution of food-stuffs,
effectiveness of administration and national defense are inseparably connected with the advancement of transport system
••Hope it helps••
Development of an efficient transport system is a pre-condition of our economic development. Transportation and Communication have an important bearing on the development of exchange and markets. They:
increase land values,
break economic circles, and thus tend to equalize prices,
make labor more mobile,
enable a greater division of labor among different industries and countries,
determine the geographical distribution of industries,
break economic circles, and thus tend to equalize prices,
play a very important part in relieving distress in the famine-stricken areas by rapid distribution of food-stuffs,
effectiveness of administration and national defense are inseparably connected with the advancement of transport system
••Hope it helps••
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