GLOSSARY
|
Term |
Definition |
|
Transportation |
Movement of people, commodities, goods, and services from one place to another. |
|
Communication |
Communication is the act of sharing or exchanging information and ideas. |
|
Trade |
Trade is the exchange of goods between people, states, and countries. |
|
National Highways |
National highways connect the country's most remote areas |
|
Golden Quadrilateral |
It is the largest express highway in India and is managed by the National Highway Authority of India. |
|
State Highways |
State Highways are roads that connect a state capital to various district headquarters |
|
National Waterways |
They are an important mode of transport for both passengers and cargo. In India, the National Waterways include Inland waterways and sea routes for trade purposes. |
|
Balance of trade |
It is the difference between the country’s export and import |
|
Favourable Balance of Trade |
It exists when the value of exports exceeds the value of imports. |
|
Unfavorable Balance of Trade |
It occurs when the value of imports exceeds the value of exports. |
