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Class 12 Tuition > Learn Economics > Explain the term ‘infrastructure’.
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Explain the term ‘infrastructure’.

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we understand the infrastructure team from some points - Infrastructure is the basic system that undergirds the structure of the economy. Examples of infrastructure include transportation facilities, telecommunications networks, and water supplies. Large scale infrastructure is usually...
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           we understand the infrastructure team from some points -   

  • Infrastructure is the basic system that undergirds the structure of the economy.
  • Examples of infrastructure include transportation facilities, telecommunications networks, and water supplies.
  • Large scale infrastructure is usually produced by the public sector or publicly regulated monopolies
  • Infrastructure can often be produced on a smaller scale by private firms or through local collective action.
  • Infrastructure investment tends to be less volatile than some other asset classes and is sometimes sought as an investment.
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CHARTERED ACCOUNTANT (CA), COMPANY SECRETARY (CS)

In easy inderstanding- Infrastructure is the basic installations and facilities on which the continuance and growth of a community, state, etc. depend, as roads, schools, power plants, transportation and communication systems, etc.
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