Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Infrastructure is the system of public works in a country, state or region, including roads, utility lines and public buildings. Infrastructure economics attempts to study the infrastructure from economics view point. Economic infrastructure is the basic facilities which directly benefit the process of production and distribution in an economy. Roads, railways, telecommunication systems, waterways, airways, financial institutions, electricity and water supply are the examples of economic infrastructure. These are the basic amenities that do not directly influence the economic activities, but indirectly have an impact on the economy through achieving certain social objectives. As an example, education does not directly influence economic activities like production and distribution but indirectly helps in the economic development of the country by spill-over effects. So education, health services, sanitation etc. are the examples of infrastructure economics.

Dency Varghese

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