Question

In: Economics

what are the economic advantages of shipping canals and how do they differ from Straits and...

what are the economic advantages of shipping canals and how do they differ from Straits and isthmuses?

Solutions

Expert Solution

Answer:
Economic advantages of shipping canals are mentioned below:

  • The shipping canal creates an ease in world trade and many economic issues would have been resulted in absence of shipping canals.
  • Shipping canals also holds strategic importance in terms of its position and making trade route shorter and more efficient. Take the example of the Panama Canal, it allows shippers of various commercial goods to save time and money by transporting cargo more quickly between the Atlantic and Pacific Ocean.

Difference between canals, Straits and isthmuses:

  • A strait is a narrow body of water that connects two larger bodies of water.
  • Isthmus are narrow body of land that connects two bodies of water.
  • A strait may be formed by fracture in an isthmus.
  • If fracture in isthmus are created by human activities, then the strait which gets formed from this is called as Canals.

(plz give me a thums up...if my answer helped you and if any suggestion plz comment, Yr thums up boost me)


Related Solutions

1. How do chronological and functional resumes differ? 2. What are the advantages and disadvantages of...
1. How do chronological and functional resumes differ? 2. What are the advantages and disadvantages of EACH style? 3. What style of resume do you currently use when applying for jobs?
How do term, whole life, and universal life insurance differ? What are the advantages and disadvantages...
How do term, whole life, and universal life insurance differ? What are the advantages and disadvantages of each policy?
1. what are the five basic forms of regional economic intergration and how do they differ?...
1. what are the five basic forms of regional economic intergration and how do they differ? in which one are you likely to see smuggling between the members?
How do liberals and conservatives differ in their approaches to economic problems?
How do liberals and conservatives differ in their approaches to economic problems?
Equilibrum vs disequilibrium is economic models. What does it mean? how do they differ in each...
Equilibrum vs disequilibrium is economic models. What does it mean? how do they differ in each model?
How does social regulation differ from economic​ regulation?
How does social regulation differ from economic​ regulation?
Describe and evaluate some of the economic and tax advantages of business expansion. How do economic...
Describe and evaluate some of the economic and tax advantages of business expansion. How do economic and tax implications of expansion influence decisions on whether to expand or not, and if expansion is undertaken, how do these implications shape decisions on the scale and character of expansion? Make sure that you identify and address the specific form(s) of business expansion that you discuss.
Identify the three types of economic systems. How do these three types of economic systems differ...
Identify the three types of economic systems. How do these three types of economic systems differ from each other? How are they the same? (
What are viruses composed of? How do they differ from cellular life? What is their basic...
What are viruses composed of? How do they differ from cellular life? What is their basic life cycle? Describe lytic and lysogenic cycles in bacteriophages. What are three hypotheses about how viruses originated?
What are the different types of diabetes and how do they differ from each other?
What are the different types of diabetes and how do they differ from each other?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT