Question

Some infrastructural facilities have a direct impact on production of goods and services while others give indirect support by building the social sector of the economy. Using above information, differentiate between social and economic infrastructure.

Answer 1

Difference between social and economic infrastructure is as follows

$\begin{array}{cc}\text{Social Infrastructure}& \text{Economic infrastructure}\\ \text{It helps the economic system}& \text{It helps the economic system}\\ \text{from outside. (i.e., indirectly)}& \text{from inside. (i.e., directly)}\\ \text{It improves the quality of}& \text{It improves the quality of}\\ \text{human resources.}& \text{economic resources.}\\ \text{Expenditure on it will raise the}& \text{Expenditure on it will raise the}\\ \text{stock of human capital over}& \text{stock of physical capital over}\\ \text{time.}& \text{time.}\\ \text{For example, health,}& \text{For example, energy, transport}\\ \text{education and housing.}& \text{and communication.}\end{array}$