Question

Infrastructure is: question 13 options: not important in a market-based economy. a country's public capital. typically better when provided by private companies. unimportant for economic growth because the government provides it.

Answer 1

Infrastructure is a country's public capital and is vitally important for the development of industry including mining and mineral exploration for example. A town in northern British Columbia, Tumbler Ridge was built in a local coal mining area to provide a center of services and residences for the mines and it cost about $500 million to $1 billion and then was used as a home base for the workforce in the local coal mines. Also, road access to remote areas in BC can allow mineral exploration companies the ability to reach otherwise inaccessible areas of the province and concomittant with roads is hydroelectric power lines to provide the needed kilowatts for a new mining enterprise. It is well to remember that the money from these projects comes from the taxes of the public and is often used mainly for the benefit of the private corporations. 

Answer 2

Infrastructure is a country's public capital. Infrastructure is generally provided by the government for the welfare of the people. Items like hospitals, roads, etc all fall within the generic term of infrastructure. They are physical assets, therefore representing a county's public capital. As for the last suggested answer having that infrastructure is unimportant for economic growth, this is not true. The other option suggesting infrastructure is better provided by private companies is not necessarily true either.