why do the movement of good and services from one place to another require fast and efficient means of transport? explain
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Answer:
(i) It is necessary to carry raw materials to production centres and from manufacturing hubs to markets in as little time as possible to achieve efficiency. This is particularly true for perishable goods. (ii) It enables goods to reach newer markets and allows people greater access to goods and services. Efficient transport network enables markets to expand to the hinterland. (iii) Communication opens new avenues of commerce. Modern communication tools like internet allow commercial transactions to take place over large distances, facilitating electronic commerce and banking across countries and contribution to integration of markets. They also keep buyers and sellers informed about their present and prospective markets. (iv) Goods and services cannot move on their own from supply houses to demand locales. This necessitates the need for transportation. Thus, a country's economy depends not only on the production and sale of goods and services but on their transport as well. (v) The means of transportation communication are called the lifeline of nation and its economy because they are the pre-conditions for progress.Read more on Sarthaks.com - https://www.sarthaks.com/27161/movement-goods-services-place-another-require-efficient-means-transport-explain-example