economic infrastructure and social infrastructure
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Economic infrastructure helps in production functioning and social infrastructure helps in efficiency and skills of manpower.
Explanation:
- Economic infrastructure will do the function of raising/lowering the cost of production and raising the productivity of capital and labor.
- Economic infrastructure results in providing basic facilities needed for the development of the economy and market.
- Social infrastructure results in facilitating the human needs which are needed for human development.
- The social infrastructure includes schools, colleges, housing, and health care.
- The economic infrastructure includes transport, roadways, electricity, and water supply.
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