What Is Meant by Physical Infrastructure?

Physical infrastructure refers to the basic physical structures required for an economy to function and survive, such as transportation networks, a power grid and sewerage and waste disposal systems. Viewed by some developmental economists as part of a three-pillar system, along with human capital and good governance, physical infrastructure is a prerequisite for trade and other productive activities. In a functional sense, a society's physical infrastructure facilitates the production of goods and services.

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