The economic activity are the processes by means of which the products are utilized to satisfy human wants.Two important factor are
(i) Production or supply
(ii) Consumption for human wants or demand.
Man and his products are thus not bound to his local surroundings.The importance of transportation in economic activity is to be found in its effects on both human wants for goods and satisfaction through and distribution .While discussing the general effects of transportation,it may be said that the increased productivity and its efficient transportation can lower the cost of the products.The transportation cost is always an influencing factor on consumer price of commodities.
(i) Production or supply
(ii) Consumption for human wants or demand.
Man and his products are thus not bound to his local surroundings.The importance of transportation in economic activity is to be found in its effects on both human wants for goods and satisfaction through and distribution .While discussing the general effects of transportation,it may be said that the increased productivity and its efficient transportation can lower the cost of the products.The transportation cost is always an influencing factor on consumer price of commodities.
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