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.|