Why are the means of transportation and communication called the lifelines of a nation and its economy?
[Please explain (in points) separately for transportation and communication.]
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Means of transportation and communication is lifeline for a nation because:-
-It helps in the trade of a country.
-Helps in export and import of goods.
-Dealing with people and companies.
-It has helped us in many ways in the modern world.
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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.
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