ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Infrastructure
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Discretionary spending
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Taxes
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Spending
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Detailed explanation-1: -Types of Infrastructure Infrastructure is often categorized as hard or soft. Hard infrastructure is the tangible, physical assembly of structures such as roads, bridges, tunnels, and railways.
Detailed explanation-2: -The physical components on transport infrastructure include bridges, tunnels, pavements, rail tracks, culverts, wharfs, aprons and pipes. These elements are located on the ground or above or below ground level – but always associated with or attached to the ground.
Detailed explanation-3: -The different modes of transport are air, water, and land transport, which includes rails or railways, road and off-road transport. Other modes also exist, including pipelines, cable transport, and space transport.
Detailed explanation-4: -The principal role of transport is to provide or improve access to different locations for businesses and individuals, for both freight and personal movements.