Looking for what is infrastructure in class 12 economics, we will also discuss infrastructure definition types and importance in short as per economics class 12 CBSE, ISC, and State Board.
What is Infrastructure in simple words?
In simple words, infrastructure refers to all such supporting activities, services, and facilities in the main areas of industrial and agricultural production.
It includes transportation, communication, education, and health facilities.
If a country wants to grow its economy, the first requirement is to improve the country’s infrastructure. As Best infrastructure provides the support to all economic sectors to grow.
Definition of Infrastrucure
Infrastructure is defined as the physical framework of facilities which facilitates economics life of the people.S.K Aggarwal
Infrastructure refers to the support system of economics and social development of a country without which economic growth and social development would only remain to be primitive.T.R Jain
Infrastructure refers to all such activities, services and facilities, which are needed to provide different kinds of services in an economy.Sandeep Garg
What is the other name of Infrastructure
The other name of Infrastructure is “Social Overhead Capital”.
What are the types of Infrastrucure
Infrastructure is broadly classified in two 2.
The infrastructure which promotes primarily the economic activities is called ‘economic infrastructure’.
Examples of Economics Infrastructure
Economic infrastructure includes public utilities such as
- Water Supply
The World Bank has given a more comprehensive Coverage of Economics Infrastructure. According to the world bank it includes.
- Piped Water Supply
- Sanitation and Sewerage
- Solid Waste Collection and Disposal
- Piped Gas
- Public Works Covering Roads and Major Dams
- Canal works for irrigation and Drainage
- Transport Sectors Encompassing Inter-Urban Railways, Urbank transport, Ports and waterways, airports.
The infrastructure which directly influences the quality of life of the people is called social infrastructure.
Example of Social Infrastructure includes facilities
- Human Resource Development
It also includes
- Socio Cultural
- Legal and administrative systems
- Commercial and Institutional frameworks