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What is meant by transport? Explain the role of the transport system in trading activities.

Asked by Topperlearning User 5th June 2015, 9:46 AM
Answered by Expert
Answer:

Transport refers to the movement from one place to another.  

Roadways, railways, waterways and airways are the four important modes of transport. The importance of transport are as follows:

  1. Transport helps to broaden the market for agricultural and industrial goods.
  2. It enables the movement of goods and services which not only helps internal trade but also supports international trade.
  3. It helps to promote the tourism industry which in turn helps to earn foreign exchange.
  4. It has generated many employment opportunities in recent years.
Answered by Expert 5th June 2015, 11:46 AM
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