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AID TO TRADE ( transportation)

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AID TO TRADE ( transportation)

Posted by Arpit Gupta 3 years, 8 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 3 years, 8 months ago

The importance of aids to trade Transport

In the modern times there is a vast distance between centers of production and the centers of consumption. This difficulty is removed by an important aid to trade known as Transport.

Transport creates place utility.

There are several types of transport such as Air, Water and Land transport. The geographical distance between producers and consumers is removed with the help of transport.

The three main modes of transport:

Land:
1. Road
2. Railyway
Water:
1. River
2. Sea
3. Canals
Air:
1. Airway

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