BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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infrastructure
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privatization
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factors of production
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interstate commerce
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Detailed explanation-1: -What Is Infrastructure? Infrastructure is defined as the basic physical systems of a business, region, or nation and often involves the production of public goods or production processes. Examples of infrastructure include transportation systems, communication networks, sewage, water, and school systems.
Detailed explanation-2: -infrastructure refers to a nation’s transportation communication and utility systems.
Detailed explanation-3: -The education system is not part of the infrastructure of a country.
Detailed explanation-4: -Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband access).
Detailed explanation-5: -An international joint venture is often described as the joining together of two or more business partners from separate jurisdictions to exchange resources, share risks and divide rewards from a joint enterprise.