Asked by Sherelle Robinson on May 08, 2024
Verified
An economy's infrastructure refers to its
A) public capital goods, such as roads, schools, and power facilities.
B) financial and banking institutions.
C) land and natural resources.
D) surplus supplies of unskilled labor.
Infrastructure
Fundamental physical and organizational structures needed for the operation of a society or enterprise, such as roads, utilities, and communication systems.
Public Capital Goods
Long-term assets used by the public sector to provide public services, like roads, schools, and hospitals.
Power Facilities
Infrastructure units that generate or distribute electricity, including power stations, substations, and transmission lines.
- Gain an understanding of the components and value of national infrastructure in development.
Verified Answer
Learning Objectives
- Gain an understanding of the components and value of national infrastructure in development.
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