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The means for the movement of goods and services from their supply locations to demand locations can be termed as which of the following?
(A) Capital
(B) Traders
(C) Transport system
(D) Power supply

seo-qna
Last updated date: 28th Apr 2024
Total views: 363.6k
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Answer
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Hint:It can be identified as a set of relationships between connections, networks and the demand. These relationships include locations spatially representing this demand, the flows between them and infrastructures designed to manage and link these flows.

Complete answer:The transport system operates as the medium for moving goods and services from supply locations to demand locations. The transport system also allows the movement of people. The basic modes of the transport system are land (road, rail, pipelines), marine navigation (shipping), and aviation. Each transportation system functions within a larger social, economic and physical environment.

Option (A): Capital refers to the financial assets including funds kept in deposit accounts as well as funds received from financing sources. It can also be related to capital assets of a company. This option is not correct.
Option (B): Traders are either businesses or individuals who engage in the buying and selling processes and who do the trade of goods. This option is incorrect.
Option (C): Transport systems facilitate the transportation of goods and services from locations of supply to locations of demand. This option is correct.
Option (D): Power supply is a source that supplies power. It provides components with electric power. This option is incorrect.

Thus the option (C) is correct.

Note:One of the largest transport systems in the world is the transportation network in India. It serves a land mass of 3.3 million sq. km and a population of over one billion. Roads and railways carry more than 95% of the total traffic generated in India.