Types of Infrastructure
The infrastructure can be categorized into:
1. Economic Infrastructure:
It includes the infrastructure associated with energy, transportation, and communication. Under this, promoting activities like the production and trade of goods and services is essential. Besides, economic infrastructure has a direct positive impact on the process of production and distribution in an economy. Simply put, this infrastructure provides direct support to the economic system.
2. Social Infrastructure:
It includes the infrastructure associated with education, health, and housing. It entails offering all services that enhance the quality of human resources. Social infrastructure does not have a direct influence on the economic system; however. it indirectly impacts the economy by achieving some social objectives.
Economic development involves social implications in addition to simply increasing gross domestic product. Due to this, the process of economic development is strongly influenced by both social and economic infrastructure.
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