Do you agree with the view that transport, communication and trade are complementary to each other ? Explain you views.
Yes, means of transport, communication and trade are complementary to each other as mentioned below : Transport and communication provide the infrastructural basis for conducting trade. The growth in trade also leads to creation of more infrastructure to match the volume of trade because increase in the volume of trade may need more means of transport. More trade creates avenue for investment in infrastructure through the revenue generated by trade. The growth in trade means more transport like roads, railways, air, water and pipelines to be developed to keep the wheels of economy moving. Communication helps in commercial transactions to be completed across different places all over the world. It helps to cross the geographical barriers and keeps the traders informed about their business instantly. The modern means of communication such as e-mail, mobile etc. are of great help for the traders all over the world. The world has become a village. Thus it can be said that progress in science, technology, means of transport and communication are responsible for increase in trade and commerce.
