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Answer: Transport is the business service of moving goods and passengers from one place to another.

Transport removes the hindrance of place and creates place utility. It carries raw materials to factories and finished goods to markets and consumers. Its modes are land transport (road, rail, pipeline), water transport (inland and ocean) and air transport. It widens markets, helps in price stability, supports trade and employment, and helps during emergencies and defence.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report
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