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.

 

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.