Explain the two categories into which infrastructure is divided. How are both interdependent?
Explain the two categories into which infrastructure is divided. How are both interdependent?
Infrastructure is broadly categorised into
(i) Social Infrastructure - It refers to the core elements of society which serve as a foundation for the process of social development of a country. It contributes to economic processes indirectly and from outside the system of production and distribution. e.g.. educational institutions, hospitals, sanitary conditions, housing facilities, etc. Social infrastructure promotes social well-being.
(ii) Economic Infrastructure - It refers to all such elements of economic change which serve as a foundation for the process of economic growth. They help in the process of production directly. e.g.. transportation, communication, energy/power, etc. Quality of economic infrastructure can be improved by improving social infrastructure. Thus, these infrastructures support each other. Hence, they both are interdependent.
Infrastructure is broadly categorised into
(i) Social Infrastructure - It refers to the core elements of society which serve as a foundation for the process of social development of a country. It contributes to economic processes indirectly and from outside the system of production and distribution. e.g.. educational institutions, hospitals, sanitary conditions, housing facilities, etc. Social infrastructure promotes social well-being.
(ii) Economic Infrastructure - It refers to all such elements of economic change which serve as a foundation for the process of economic growth. They help in the process of production directly. e.g.. transportation, communication, energy/power, etc. Quality of economic infrastructure can be improved by improving social infrastructure. Thus, these infrastructures support each other. Hence, they both are interdependent.
