Question

Role of transportation in trade

Hint:

The success of trade and economic development is closely tied to the effectiveness of transportation systems. Enhancing infrastructure can reduce trade costs and improve access to international markets.

Answer 1

Transportation is vital for trade, as it enables the efficient movement of goods and services between producers and consumers. A well-functioning transportation network lowers transportation costs, expands market reach, and facilitates trade across regions and countries. The development of infrastructures like roads, railways, ports, and airports ensures the seamless movement of goods, fostering economic growth and supporting globalization.