Chapter Overview
This chapter explores the concept of infrastructure and its significance in facilitating economic and social development. It differentiates between economic and social infrastructure and highlights how investments in sectors like power, transportation, health, and education help build a stronger economy. The chapter also examines challenges related to inadequate infrastructure and discusses government initiatives to improve it.
Important Keywords
- Infrastructure: Basic physical and organizational structures needed for the operation of an economy and society.
- Economic Infrastructure: Infrastructure that directly supports economic activities such as transportation, power, and communication.
- Social Infrastructure: Infrastructure that supports social development like education, health, and housing.
- Sustainable Development: Development that meets present needs without compromising future generations' ability to meet theirs.
- Public-Private Partnership (PPP): A cooperative arrangement between public and private sectors for infrastructure development.
Detailed Notes
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