Home  | Term of the Day | |||
| infrastructure The basic physical systems of a country's or community's population, including roads, utilities, water, sewage, etc. These systems are considered essential for enabling productivity in the economy. Developing infrastructure often requires large initial investment, but the economies of scale tend to be significant. | ||||
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| Usage Example Investment in infrastructure, while initially large, produces long term economic benefit to the overall economy of both the local community as well as surrounding business interests. | ||||
Term of the Day
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Join date : 2013-01-12
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