TRANSPORTATION

CONTENT:

1. Meaning of Transportation.
2. Importance of Transportation.
3. Types of Transportation:  Road, Air, Rail, Water and Pipeline, etc.
4. Advantages and Disadvantages of the Types of Transportation.

Meaning of Transportation

As an aid to trade, transportation is the process of moving goods and people from one place to another.  It is the life-blood of an economy.  Without transportation goods produced cannot get to the final consumer and thus, production cannot be complete.

Importance of Transportation in Commerce

1. Transportation makes it possible for manufacturers to get raw materials to factories and carry finished goods from factories to their final consumers.
2. It facilitates the movement of persons from one place to another
3. It facilitates the distribution of goods and thus encourages the mass production of goods. For example, Cocoa produced in Nigeria is transported to other countries, and this increases the production of cocoa in Nigeria.
4. It provides employment for workers within the transport system, thereby helping to improve the standard of living.
5. As a lifeblood of the economy, it contributes to the gross national product and national income.