Examgyani Team
Asked: November 3, 20232023-11-03T07:12:28+05:30
2023-11-03T07:12:28+05:30In: Economics
‘Infrastructure facilities boost production’ Do you agree? Substantiate your answers.
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Answer:
Infrastructure facilities boost production in the following manner.
1. Infrastructure provides support services in the main areas of industrial and agricultural production, domestic and foreign trade, and commerce.
2. Infrastructure facilities include roads, railways, ports, airports, dams, power stations, oil and gas pipelines, telecommunication facilities, educational systems, health systems, monetary systems, etc. It is the support system on which depends the efficient working of a modern industrial economy.
3. Modem agriculture largely depends on infrastructure for speedy and large-scale transport of seeds, pesticides, fertilizers, and produced by making use of modem roadways, railways, and shipping facilities.
4. Infrastructure contributes to the economic development of a country both by increasing the productivity of the factors of production and improving the quality of life of its people.