3. MEANING OF TRANSPORTATION
Transport is the process of carrying
or moving goods from the place of
production to the place of
consumption. Transport is the life
blood of trade and commerce.
4. FUNCTIONS OF
TRANPORTATION
It encourages large scale production.
It increases mobility of factors of
production.
It encourages specialization and division of
labor.
It helps in stabilizing price.
It provides employment opportunities.
It strengthens the defense of a nation
It reduces the danger of shortage
8. WATER TRANSPORT
In water transport water is used as a
way of transport. It was used for the
transportation of bulky goods over a
long distance.
9. DIFFERENT TYPES OF WATER
TRANSPORT
Inland water transport
Ocean transports
10. Merits of Water Transport
Cheaper
Bulk carriage
Safer
International Trade Creator
11. Demerits of water Transport
Low speed
Limited areas are served
Political & International problems
Longer journey required
12. AIR TRANSPORT
Air transport is the speediest and
most costly means of transport; which
is used to carry passengers and
articles of high value.
13. MERITS OF AIR TRANSPORT
Speed
Regular and comfortable
Suitable for perishable goods
Suitable for valuable goods
Absence of Obstacle
14. DEMERITS OF AIR TRANSPORT
Costly
No safer
Suitable to only costly goods
Limited capacity
Needs a high degree of training
Law and restrictions
15. ECONOMIC SIGNIFICANCE OF
TRANSPORTATION
Transport and production
Transport and consumption
Transport and Exchange
Transport and Distribution
Transport and Utility
Transport and Employment
Transport and Industries
Transport and Agriculture