what is the difference between social economic infrastructure
The following points highlight the difference between economic and social infrastructure.
Basis of Difference | Economic Infrastructure | Social Infrastructure |
Meaning | It refers to the elements of economic change that enhance the process of production and distribution. | It refers to the facilities and institutions that enhance the quality of human capital. |
Impact on Production | directly enhance the production process. | indirectly accelerate the production process. |
Impact of Expenditure | Expenditure on economic infrastructure raises the stock of tangible structures in the economy | Expenditure on social infrastructure raises the stock of intangible structures in the economy |
Example | Energy, transport, communication. | Educational institutes, housing facilities, hospitals. |