Question

full explanation of economics economic infrastructure​

Answer 1

Answer:

Economic infrastructure refers to the facilities, activities and services which support operation and development of other sectors of the economy. These facilities, activities and services help in increasing the overall productivity of the economy. They also play an essential role in facilitating the smooth running of all the sectors of the economy.

Economic infrastructure refers to the facilities, activities and services which support operation and development of other sectors of the economy. These facilities, activities and services help in increasing the overall productivity of the economy. They also play an essential role in facilitating the smooth running of all the sectors of the economy.In addition, infrastructures are such basic requirements like railways, roads, ships, airways, communication, etc. They also include energy, banking, science, technology, health, education and other public utility concerns. Without the existence and presence of economic infrastructures, the growth and fast pace of the economy is impossible. Moreover, infrastructures of an economy are also termed as ‘social and economic overheads‘.

Answer 2

Economic infrastructure is the basic facilities which directly benefit the process of production and distribution in an economy. Roads, railways, telecommunication systems, waterways, airways, financial institutions, electricity, water supply etc are the examples of economic infrastructure.