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clearly define infrastructure in industries

2006-06-23 03:02:35 · 2 answers · asked by deepa 1 in Social Science Economics

2 answers

Infrastructure refers to a nation's roads, railways, housing, hospitals, schools, water supply, utilities, etc., accumulated earlier through capital investment, usually by government or local authorities. It also includes such intangible items as a trained labor force created by investment in human capital. It now also includes how electronically interconnected is the population (measured by number of PCs and internet connection per capita).

Infrastructure plays an important role in improving a country's general living standards and in contributing to a high rate of economic growth.

The more developed a country is, the more diversified its economy, the greater its infrastructure. Thus, infrastructure is like a foundation or a backbone to facilitate economic growth and development.

If you need clarification, just contact me through "Answer." And, I'll modify my response accordingly.

2006-06-29 10:52:16 · answer #1 · answered by Gaetan 3 · 0 0

Industrial infrastructure includes planning, designing and implementation of industrial estates, development zones.

2016-01-31 02:22:54 · answer #2 · answered by Ram 2 · 0 0

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