IMPORTANCE OF TRANSPORT
1.
Transport is necessary to provide for the physical movement of people and goods
from where they are abundant (such as plantations, mines, farms) to the factory
where they are needed as raw materials for the manufacture of finished goods,
or where they are processed.
2.
Transport is again necessary to send these processed or finished goods to their
markets, and ultimately, to the final consumers, both domestic and foreign.
3. A
fast, cheap and efficient transport system has led to the extension of both
local and overseas markets.
4. This has enabled
producers to specialize and engage in large-scale production with its related
cost savings. It has also led to different regions specializing in those goods
in which they find comparative advantage in producing on a commercial basis.
Trade between different regions within and outside the country expanded.
5. Consumers all over
the world can now buy goods produced in far-off countries. Thus, they have
greater choice. Standards of living have improved.
6. The main means of
transport in home trade are by road, rail, rivers and canals whilst in foreign
trade they are by air and sea.
nice website
ReplyDelete