Technology


 
 
Concept Explanation
 

Technology

Technology: Fast improvement in technology during the last 50 years, such as improvements in transportation technology have suited in much faster delivery of goods across long instances at lower costs.The development in information and communication Technology (ICT) have Totally Revolutionised the way trade is Conducted .Telecommunication facilities ( Telegraph , Telephone, Mobile phones , fax ) .and satellite Communication Devices are used to Contact one another around the world , To access information instantly and to communicate from remote areas . 

Containers for Transport of Goods: The standardised containers (20 and 40 footer sizes) are used for surface (by rail, road and sea) transportation of heavy or bulky goods. This has reduced port handling costs and increased the speed with exports can reach markets. Also, cost of air transport has fallen ,  enabling much greater volumes of goods being transported by Air lines, saving transportation time significantly.

Important meaning : Container - A Standardised re- sealable Transportation rectangular box for freight handling with Standardised equipment . 

 
 


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