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Transport and trade are complementary to each other.
1. Without transport, trade cannot take place. Transport is required to carry goods from one place to another.
2. High volume of trade creates demand for greater transport. Hence, the transport sector also requires trade to create demand.
3. Trade and transport, therefore, create demand for each other causing both to grow simultaneously.
1. Without transport, trade cannot take place. Transport is required to carry goods from one place to another.
2. High volume of trade creates demand for greater transport. Hence, the transport sector also requires trade to create demand.
3. Trade and transport, therefore, create demand for each other causing both to grow simultaneously.