5 Questions
What is infrastructure known as in economic literature?
Infrastructure is popularly known as 'Overhead Capital' or 'Social Overhead Capital' in economic literature.
What is the aim of Sustainable Development Goal (SDG) 9 in relation to infrastructure?
SDG 9 aims to develop quality, reliable, sustainable and resilient infrastructure to support economic development and human well-being, with a focus on affordable and equitable access for all.
Who stated that Social Overhead capital is the 'basic services without which primary, secondary and tertiary productive activities cannot function'?
The famous economist A.O Hirschman stated that Social Overhead capital is the 'basic services without which primary, secondary and tertiary productive activities cannot function'.
What does this unit focus on in regards to infrastructure?
This unit focuses on both the physical and social infrastructure sector; its importance in economic growth, recent trends, government policies towards infrastructural development, and challenges faced by the sector.
What does infrastructure mean in the context of the text?
Infrastructure means those basic services and support necessary for the functioning of an economy.
Test your knowledge of India's infrastructure with this quiz! Explore the key concepts and significance of infrastructure in economic and social development.
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