Explain the two components of infrastructure.
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The two components of infrastructure are economic infrastructure and social infrastructure.
- Economic infrastructure has a direct impact on the working of the system of production and includes such assets as roads, railways, airports, ports, power systems, telephones, water and sewage systems. The social infrastructure includes housing, health and education services and also some other social institutions that facilitate economic and social interaction, which affect the quality of life of the people.
- Social infrastructure, on the other hand, needs the workers who will build the social assets. The two are interdependent in the sense that economic infrastructure is essential for increasing production and social infrastructure increases the productivity of workers who help in growth of production.
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