Communication and transport contribute to economic development, It plays a major role in the financial uplift of a country as it promotes internal and external trade, economic use of natural resources, mobility of skilled labor-force, diversification of markets, condition of fuel, reduction in work, increase in farming and industrial production etc.
What impact does transportation and communication have on the economy?
First, as the declines in transportation and communication costs increase the volume of international trade, gains from specialization and adoption of mass production techniques will improve. As a result, it will be possible for the trading members to achieve lower costs, larger outputs, and higher revenue levels.
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