Infrastructure — Economics STD 12 Humanities & Commerce — Question

The prosperity of a country depends directly upon the development of agricultural and industrial production and their progress in determined by the infrastructural facilities.

1. Agricultural production requires power, credit, transport facilities, etc. the deficiency of which leads to fall in productivity.
2. Industrial production requires machinery and equipment, energy, banking and insurance facilities, marketing facilities, transport services which include railways, roads and shipping and communication facilities, etc.
3. All these above mentioned facilities constitute collectively the infrastructure of an economy. The development and expansion of these facilities is an essential pre-condition for increasing production in a country vis-a-vis the agriculture and industrial sector.