Business Studies, asked by gunjansingh00872, 3 months ago

explain how economic & social infrastructure are complementary to each other​

Answers

Answered by ridahussain86
18

\huge \cal \color{red}✯Answer✯

Economic and social infrastructure are complementary to each other. Economic infrastructure improves the qualityof economic resources and raises the production, but it cannot be possible until population is literate to use them efficiently. Thus, both of them are needed for the growth and development of the country.

Answered by kshitijgrg
0

Answer:

economic Infrastructure:

economic Infrastructurerefers to the factors of financial extrude that useful resources withinside the system of manufacturing and distribution. It improves the nice of financial assets and, thus, increases the productiveness of the financial system as a whole. In this way, it serves as an assist gadget for financial increase. Energy, transportation, communication, banking, and economic establishments are several examples of financial infrastructure. Greater financial infrastructure can be the manufacturing and greater technology of employment opportunities. Thus, expenditure incurred on the financial infrastructure may seem like an essential situation for financial increase.

social infrastructure:

Social Infrastructure refers to all the ones centers and establishments that decorate the quality of human capital. Educational establishments, hospitals, nursing homes, housing centers, etc. are several examples of social infrastructures. The availability of such infrastructures increases human productiveness, thereby, improving the quality of fashionable of residing. Unlike, financial infrastructure, social infrastructure circuitously boom the productiveness and manufacturing of products and services. For example, the availability of higher fitness care and medical centers permits a perennial delivery of the healthful body of workers that during flip is pondered withinside the shape of multiplied manufacturing levels.

comparison:

Both financial and social infrastructures are interdependent on and complementary to every other. While financial infrastructure fosters financial increase, social infrastructure complements the nice of fashionable residing and thereby results in the welfare of the financial system as a whole. The mixed impact of those infrastructures contributes to the prosperity of the financial system. The financial increase attained with the assistance of financial infrastructure is imperfect without t human improvement that is attained with the aid of social infrastructure. Thus, one infrastructure helps the other.

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