ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The physical development of a country including roads, ports, utilities
A
Land
B
Labor
C
Infrastructure
D
Entrepreneurship
Explanation: 

Detailed explanation-1: -infrastructure. the physical development of a country such roads, ports, and utilities. entrepreneurship. refers to the skills of people who are willing to invest their time and money to run a business.

Detailed explanation-2: -Physical infrastructure refers to the physical availability and quality of public facilities, including the number of facilities, facility amenities and resources, the distribution of facilities, and the appropriate mix of facility types to meet population health needs.

Detailed explanation-3: -Physical infrastructure includes power, backup generators, Heating Ventilating and Air Conditioning, surge control systems, connectivity (cabling), hardware, software, and people. The physical systems are vulnerable to surveillance, vandalism, sabotage, and attack.

Detailed explanation-4: -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.

There is 1 question to complete.