Question
Basic infrastructure facilities in Economics are known as :
Answer: Option D
Answer: (d)
Social overheads capital is the capital spent on social infrastructures, such as schools, universities, hospitals, libraries.
They are capital goods of types that are available to anybody, hence social; and are not tightly linked to any particular part of the production, hence overhead.
Because of their broad availability they often have to be provided by the government. Examples of social overhead capital include roads, schools, hospitals, and public parks.
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Answer: (d)
Social overheads capital is the capital spent on social infrastructures, such as schools, universities, hospitals, libraries.
They are capital goods of types that are available to anybody, hence social; and are not tightly linked to any particular part of the production, hence overhead.
Because of their broad availability they often have to be provided by the government. Examples of social overhead capital include roads, schools, hospitals, and public parks.
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