SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The people who make the products come to the consumers by transportation are called ____
A
Businessman
B
Retailers
C
Traders
D
Industrialists
Explanation: 

Detailed explanation-1: -Solution: The people who make the products come to the consumers by transportation are called traders. In our everyday lives, we utilize a variety of products and services. Some of these are in our nearby area, while others need supplies from faraway regions.

Detailed explanation-2: -Solution: Transport means the movement of goods, services and passengers from one place to another. It provides the utility of place and time. It links production, distribution, exchange and all other related activities.

Detailed explanation-3: -Complete Step by Step answer: The means of transportation and communication are called the lifelines of a nation and economy. This is because they are the backbone of the economy and hallmark of development of a nation. Transportation and communication help in the expansion of trade and boost the economy.

There is 1 question to complete.