Why transportation and communication are pre required for international trade?
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Answers
Answer:
Dense and efficient network of transport and communication enhances national and international trade in the following ways:
1. Exchange of goods between producers and consumers occurs in a market. Roads and railways provide easy accessibility of people to various market locations which enhance national trade.
2. Means of mass communication such as television, radio and newspaper advertise various products which help in various trade activities.
3. Waterways ensure the transportation of heavy raw materials and finished goods from one location to the other.
4. Trade between two countries is known as international trade. Due to various means of transport such as air and water, international trade has increased tremendously among the countries.
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Answer:
because of time consumption.
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