Economic infrastructure
Economic infrastructure means infrastructure that directly supports economic development, including, for example, power, water, gas, telecommunications, airports, etc., and includes community infrastructure [Law Insider].
Infrastructure includes systems and structures that require physical components, such as the electrical grid across a city, state, or country. While facilities, equipment, or similar physical assets like bridges and roads are essential to an economy, infrastructure enables citizens to participate in the social and economic community. It provides them with necessities such as food and water. Because infrastructure often involves the production of either public goods or goods that lend themselves to production, it is typical to see public financing, control, supervision, or regulation of infrastructure. Infrastructure is regularly defined as hard or soft. Complex infrastructure is the tangible assembly of structures such as roads, bridges, tunnels, and railways. Soft infrastructure is the services required to maintain a population's economic, health, and social needs. Complex infrastructure is the physical system needed to run a modern, industrialized nation. Examples include roads, highways, and bridges, as well as the assets required to make them operational, such as transit buses, vehicles, and oil refineries. Technical systems such as networking equipment and cabling are considered complex infrastructures critical in supporting business operations [Investopedia].
Economic infrastructure definition. Law Insider. Retrieved from: https://www.lawinsider.com/dictionary/economic-infrastructure
The Investopedia Team. (2022). Infrastructure: Definition, Meaning, and Examples. Investopedia. Retrieved from: https://www.investopedia.com/terms/i/infrastructure.asp