Why is transport and communication called lifelines of national economy ?
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Answered by
389
Answer:
The means of transportation and communication are called the lifelines of National economy because
(i) it linked the world with transport network
(ii) Railways, roadways newspaper,television, cinema and internet have been contributing to socio-economic progress.
(iii) The trades from local to international levels have added to the vitality of its economy.
(iv) It has enriched our life and added substantially to growing amenities and facilities for the comforts of life.
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Answered by
84
Transport and communication are called the lifelines of the national economy because:
- They are necessary for a country's development.
- They assist in the formation of linkages that facilitates the delivery of goods and services from production units to demand areas.
- All modes of transport and communication have contributed significantly to the socioeconomic growth of our country.
- They've also made substantial contributions to the growth of infrastructure and services.
- The exchange of information and knowledge has surpassed trading in products and the supply of commodities.
- Hence, they are called the lifeline of the national economy.
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