The problem of swamping if a satellite attempted to receive and transmit on the same frequencies is hopefully easy to understand. Transmission and reception are both Continuous.
Tbh I don't understand what it says about stored as modulation... The frequencies are selected so that the harmonics of the lower frequency won't interfere with the higher frequency (I. E the higher frequency is not a whole number multiple of the lower frequency)
The second paragraph is comparing long distance communication using satellites to long distance communication without satellites.
There's pros and cons both ways tbh... If you listen to time signal beeps on a satellite telly and an analogue radio at the same time the satellite is behind the analogue radio by a very noticeable amount. This is due to the large distance covered by the sattelite radio waves making a long 2 way trip . That's not really important for some applications like entertainment/telly watching, but is for other applications.
Satellites can do high bandwidth with expensive dish ariels and complicated recievers... but perhaps low bandwidth with cheap, simple (and low energy consumption) recievers is suitable for some applications. .. Such as the radio teleswitch service in the UK or the time service stations like MSF or DCF77