Suggest two ways transport has made it easier for people to trade?

Suggest two ways transport has made it easier for people to trade?


Question: Suggest two ways transport has made it easier for people to trade?

Two ways transport has made it easier for people to trade:

  1. Reduced transportation costs and time. Faster and cheaper transportation has made it possible to transport goods over long distances more efficiently and cost-effectively. This has lowered the barriers to trade and made it easier for businesses to reach new markets. For example, the development of containerization has revolutionized global trade by making it possible to transport goods quickly and safely in standardized containers.
  2. Expanded the range of goods that can be traded. Transport has also made it possible to trade goods that would not be feasible to transport over long distances without modern transportation technologies. For example, fresh produce can now be transported from one continent to another in a matter of days, thanks to refrigerated trucks and airplanes. This has expanded the range of goods that can be traded and has made it possible for consumers to enjoy a wider variety of products from around the world.

Examples:

  • A farmer in Kenya can now sell their coffee beans to buyers in Europe or North America, thanks to the availability of fast and efficient transportation.
  • A manufacturer in China can now import raw materials from Brazil and export finished products to the United States, thanks to the development of container shipping.
  • A consumer in Japan can now buy fresh strawberries from Chile, thanks to the availability of refrigerated airplanes.

Overall, transport has played a vital role in the development of global trade. By reducing transportation costs and time, and expanding the range of goods that can be traded, transport has made it easier for businesses and consumers to connect with each other and to participate in the global economy.

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