Explain any four ways in which transport helps commerce.

Short Answer Questions · Q15

Q. Explain any four ways in which transport helps commerce.

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Transport helps commerce in several distinct ways, of which any four fully answer this question:

Creates place utility — a good becomes genuinely useful to a buyer only once it is physically present where the buyer needs it.
Links producers and markets — allows raw materials to reach factories and finished goods to reach markets, regardless of distance.
Widens the market — lets a producer sell across the country and internationally, not just near the factory.
Helps stabilise prices — moving surplus goods from one region to a region facing shortage evens out sharp regional price differences. …

Q.Explain any four ways in which transport helps commerce.