What are the different modes of transportation used in trade?

What are the different modes of transportation used in trade?

There are several modes of transportation used in trade, including road, rail, air, and sea. Each has its advantages and disadvantages.

Can you explain the advantages of using sea transportation?

Sea transportation is cost-effective for large volumes, can carry heavy goods, and is environmentally friendly compared to air transport.

What about air transportation? When is it preferred?

Air transportation is preferred for high-value, time-sensitive goods due to its speed, despite being more expensive than other modes.

How does rail transportation compare to road transportation?

Rail transportation is more efficient for bulk goods over long distances, while road transportation offers flexibility and access to remote areas.

What factors influence the choice of transportation mode in trade?

Factors include cost, speed, type of goods, distance, and infrastructure availability.