infrastructure

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Infrastructure

A country's fundamental system of transportation, communications, and other aspects of its physical capabilities.

Infrastructure

The basic system that allows a country or economy to function. Examples of infrastructure include roads, train tracks, telephone lines, and so forth. Infrastructure is often, but not always, provided by the government. Infrastructure must meet a certain minimum standard to allow commerce to occur. For example, one is unlikely to drive to the store if the roads are so muddy that they are impassable. Likewise, the more advanced infrastructure is, the more efficiently an economy functions. For example, the existence of a telephone allows an investor to make orders quickly while also performing other tasks.

infrastructure

the investment by central government and local authorities in railways, roads, airports, shipping ports, schools, universities, hospitals, etc.

Infrastructure can play an important facilitating role in improving a country's industrial performance by providing, for example, a good communications network, and a stock of well-educated and trained workers, scientists and technologists.

infrastructure

or

social overhead capital

a nation's roads, railways, housing, hospitals, schools, water supply, etc., accumulated from INVESTMENT, usually by the government or local authorities in previous periods. It also includes intangible items such as an educated/trained labour force created by investment in HUMAN CAPITAL.

Infrastructure plays an important role in improving a country's general living standards and in contributing to a higher rate of ECONOMIC GROWTH.

infrastructure

The basic amenities and services that must be in place for a particular activity or pursuit.The infrastructure in a subdivision would consist of roads;storm sewers;and mechanisms for the transmission of water,waste products,electricity,telecommunications,and possibly natural gas. References to the infrastructure of a community might also include basic services, such as fire and police protection,schools,and libraries.

References in periodicals archive ?
To construct the social overhead capital, we have used public GFCF which includes two types of fixed assets, namely construction (buildings) and machinery and equipment which in turn include transport equipment, software and breeding stock, draught animals, dairy cattle, etc.
According to one estimate, about 80 percent of public expenditures have been spent on the construction and maintenance of industrial infrastructure and only a very small portion of public investment has gone into the maintenance of social overhead capital which are directly concerned with the health and living standards of the people.
Meanwhile, in order to revitalize the local economies and expand national infrastructure, the social overhead capital (SOC) budget has been increased to 24.
The government will spend the amount made available through the method on Social Overhead Capital investment, SME support, job creation, social security improvement, and local governments.
To boost domestic demand and complete social overhead capital (SOC) projects early, Korea introduced the in-advance private investment system in 2008.
To maxinize the benefit from the early expenditure, the government will focus its spending on promoting job creation, building social overhead capital, and stabilizing the lives of the working class.