question_answer

    "Dense and efficient network of transport and communication is a pre-requisite for national and international trade." Support this statement with four arguments. Or Explain any four reasons why a dense and efficient network of transport and communication is a pre-requisite for trade today.

Answer:

                  Arguments to support this statement are (i) Fast and efficiently moving transport is required for traded items to reach their destinations on time, otherwise business will suffer. (ii) Communications are vital for international trade, where much advance planning is required for success. If a communication fails, it can create heavy losses in trade. (iii) The minimum time should be taken to carry raw materials to production centres and from manufacturing hubs to markets for efficient working, particularly for perishable goods. (iv) Modern communication facilities like the Internet allow commercial transactions to take place over large distances, contributing to integration of markets. They also keep buyers and sellers informed about their present and prospective markets.