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Economics of Development and Planning — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsEconomics of Development and Planning3 Marks
Question
Write Development of Infrastructure?
✓

Answer

Development of Infrastructure:
  1. The agriculture and industrial sectors cannot develop in the absence of economic and social overheads.
  2. The building of canals, roads, railways, power stations, etc., is indispensable for agricultural and industrial development.
  3. Infrastructure involves huge capital investment long gestation period and low rate of return.
  4. The state alone can provide strong infrastructural bases through planning.

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