Question -“Speedy and efficient system of transport is essential for the development of industries.” Analyse the statement.
The correct answer is -The statement that “Speedy and efficient system of transport is essential for the development of industries” is true. A fast and efficient transportation system is critical for the growth and development of industries, as it enables the movement of goods and raw materials between different locations, allowing industries to access larger markets and resources.
Here are some reasons why speedy and efficient transport is essential for the development of industries:
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Access to Raw Materials: Many industries rely on the transportation of raw materials from one location to another. A speedy and efficient transport system allows these materials to be delivered quickly and at a lower cost, enabling industries to access the resources they need to produce goods.
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Access to Markets: Industries also need a fast and efficient transportation system to reach their markets. The faster and more reliable the transportation system, the larger the market that can be accessed, increasing the potential for growth and profitability.
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Cost Savings: An efficient transport system can also help to reduce costs for industries. Faster transport times and lower transportation costs can enable industries to lower their production costs and become more competitive in the market.
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Innovation and Growth: A speedy and efficient transport system can also promote innovation and growth within industries. Access to new markets and resources can enable industries to develop new products and expand their operations, leading to job creation and economic growth.
