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Lifelines of National Economy
Why do the movement of goods and services from one place to another require fast and efficient means of transport. Explain with examples.
Reasons for fast and efficient means of transport :
(i.) It is necessary to carry raw materials to production centers and from manufacturing hubs to markets in as little time as possible to achieve efficiency. This is particularly true for perishable goods.
(ii.) It enables goods to reach newer markets and allows people greater accessibility to goods and services. Efficient transport network enables markets to expand to hinterland.
(iii.) Communication opens new avenues of commerce. Modern communication tools like internet allow commercial transactions to take place over large distances, facilitating electronic commerce and banking across countries and contributing to integration of markets.
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Which one of the following ports is the deepest land-locked and well-protected port along the east coast?
Which one of the following is the most important modes of transportation in India?
Which one of the following terms is used to describe trade between two or more countries
State any three merits of roadways.
Where and why is rail transport the most convenient means of transportation?
What is the significance of the border roads?
What is meant by trade? What is the difference between international and local trade?
Why are the means of transportation and communication called the lifelines of a nation and its economy?
Write a note on the changing nature of the international trade in the last fifteen years.
Northern terminal of the North South Corridor.
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