Question

I. Answer the following:-

1. Describe the role of infrastructure in the development of economy?

Answer 1

Answer:

Infrastructure can be defined as the capital stock that provides public goods and services. ... Types of infrastructure are Social infrastructure and Economic infrastructure. The roles of economic infrastructure in economic development are; (1) Serves as an input to production, therefore augmenting productivity and output.

Answer 2

Answer:

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Explanation:

Economic infrastructure definitely ensures the mobility of labour and capital within/from the economy. It results in the overall growth of towns and cities. Infrastructures provide for a lot of employment generation and employment opportunities. They also play a crucial role in national defence activitie