Meaning of Infrastructure
Infrastructure is the critical framework that supports a nation's economic activities and societal well-being. It comprises the essential facilities and services required for the smooth functioning of an economy, thus improving the standard of living. Infrastructure is broadly categorized into two types:
- Economic Infrastructure: This includes the facilities that support production and business activities, such as transportation, power, and irrigation systems.
- Social Infrastructure: This focuses on human development and welfare, encompassing education, healthcare, and sanitation.
Overall, the significance of infrastructure lies in its ability to enhance productivity, facilitate trade, and elevate the overall quality of life for the population.