Explain the term infrastructure

indian-economy
cbse

#1

The term infrastructure refers to the underlying tangible and organisational structures that are essential for the smooth and prosperous functioning of an economy. In other words, infrastructure is regarded as a core support system that enables an economy to grow and develop. Generally, the term infrastructure S means technical structure such as roads, transport communication, bridges, dams, power, public institutions like schools, hospitals etc. There structures not only serve as basic input for various economic activities like production, investment, but also enables an economy to break the shackles of traditional and primitive social structures and customs.
(ii) The difference between a developed county and an under developed country can be mainly attributed to the lack of sufficient and technically advanced infrastructure in the latter. Infrastructure as an input (roads, banks and power, facilitates the production process and attracts investment from domestic as well as from foreign investors. Infrastructure as a support system develops the quality of human capital by .imparting quality and technical education and health facilities.