Energy is the most important component of the economic infrastructure of a country. It is vital for a country’s growth and development. Non Renewable Resources have been known and used by us for a long time. Non Renewable Resources Non Renewable Resources such as natural gas, oil, coal, or nuclear are finite but still hold the […]
Renewable resources have been discovered in the recent past and their use is yet to gain popularity. Renewable resources are known as the energy resources of the future. Important examples of Renewable Resources are discussed below. Examples of Renewable Resources The important renewable resources include wind energy, solar energy, geothermal energy, tidal energy, and biogas.
We can say that all economic activities in the country will come to a standstill if it does not have access to different energy sources. Thus, energy is the most important component of the economic infrastructure of a country. It is vital for a country’s growth and development. On the basis of renewability, resources can
This is the energy derived from the sun. The use of solar energy is slowly gaining popularity in India. Solar energy products such as solar lamps and solar water heaters are now being increasingly used. It is an environmentally friendly and clean source of energy. The following are the main advantages of Solar Energy Advantages
This is the energy derived from the sun. The use of solar energy is slowly gaining popularity in India. Solar energy products such as solar lamps and solar water heaters are now being increasingly used. It is an environmentally friendly and clean source of energy. The following are the main benefits of Solar Energy. Benefits
Not even a single day can be imagined without the use of energy. We can say that all economic activities in the country will come to a standstill if it does not have access to different sources of energy. Thus, energy is the most important component of the economic infrastructure of a country. It is
Not even a single day can be imagined without the use of energy. We can say that all economic activities in the country will come to a standstill if it does not have access to different sources of energy. Thus, energy is the most important component of the economic infrastructure of a country. It is
Over the years, with the growth and development, the demand for energy has considerably increased. Various sources of energy have been increasingly brought to use. However, with the increasing use, the pattern of energy consumption has undergone a considerable change. After going through this lesson you will be able to understand the Importance of Energy.
After going through this lesson, you will be able to understand the role of infrastructure in the economic development of a country. Role of Infrastructure in Economic Development There are some countries that experience fast growth and development; there are some that lag in terms of economic progress, and there are certain others that are
In everyday life, we use various kinds of services and structures; for example, power, communication, transport, hospital, banking, schools, bridges, dams, etc. It seems impossible to imagine a life without these. Such services and structures form an integral part of one’s daily life. In economics, such services and structures are collectively termed “infrastructure”. There are