Question

Describe importance of infrastructure to development?Discuss various methods of measuring infrastructure development.

26 Nov 2020
Answer :
Word Count : 618

Infrastructure plays a crucial role in the development of economies and societies. It refers to the basic physical and organizational structures and facilities necessary for the operation of a society or enterprise. Infrastructure includes transportation systems, energy networks, water and sanitation facilities, communication systems, and other public services. The importance of infrastructure to development can be seen in the following ways:

 

Economic Growth: Infrastructure development is closely linked to economic growth and productivity. Well-developed infrastructure enables efficient transportation of goods and services, reduces transaction costs, and facilitates trade and commerce. It attracts investments, promotes business activities, and stimulates economic development by providing ____ _______ __________ _____ ______ _____ _____ _______ ____ _________ __________ __________.
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