Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Transport helps in removing the hindrance of place in exchange of goods and services. Producers and purchasers are geographically scattered. Transportation forms a link so that the commodities can be carried from their place of production to the place to the place of their consumption. The physical movement of goods or passengers from one place to another is called transportation.Modes:

1. Railways.
2. Roadways.
3. Airways.
4. Waterways.
5. Pipelines.

Similarly, to facilitate the transactions to materialize, various modes of communication traditional and modern both like telephone, telegram, e-mails, online, fax etc. are taken care of by commerce.