difference between economics infrastructure and social infrastructure
Answers
Answer:
Economic infrastructure is the combination of basic facilities which is helpful in economic development of an economy and businesses. ... Social infrastructure is the combination of basic facilities which are necessary for human development. It includes health (hospitals), education (school, colleges etc.) and housing.
Explanation:
Economic infrastructure are the facilities provided by the government of the country.
Explanation:
Economic Infrastructure
Economic infrastructure mainly refers to the facilities and provisions implemented usually by the government in any country to ensure and strengthen the process of economic development including the cities, towns, rural counterparts etc.It also involves various important factors and elements that would lead to a comprehensive economic progress and growth of the nation that can be achieved through development of businesses, expansion of productive capacity of the companies, creating more jobs in the economy, stimulate consumer demand and so forth.Some of these factors and elements commonly include:-
-Monetary and fiscal policies to generate higher business/capital investment
-Proper policies to stimulate employment level in the economy
-Favorable tax and regulatory policies to facilitate business growth
-A suitable financial system in the economy
-Measures to develop skilled labor force in the economy
-Technological advancement
Social Infrastructure
Social infrastructure basically ensures the development and progress of the society as a whole through implementation and expansion of various social services and facilities. It evidently focuses on engendering a favorable environment so that the common civilians or public are able to get the necessary facilities and provisions which they are officially entitled to.