Question

In: Economics

The infrastructure can impact the planning process in a variety of ways.  Give an example of...

The infrastructure can impact the planning process in a variety of ways.  Give an example of how it must be a consideration in the planning process

Solutions

Expert Solution

Providing transportation network, water supply, communication system, providing sewer and waste treatment, Healthcare services, Housing and education. All these are the basic infrastructure for economic growth. But maintaining the infrastructure can be equipped for effective economic growth.

Infrastructure is the key to the economic growth. Infrastructure can create very small but very important impact on the economy, but we can’t recognize.

Let's take the example of Parking Infrastructure. Inadequate parking facility creates following impacts.

  • Impact on Citizen level
    • It is a major source of frustration.
    • Significant waste of time.
    • Economic loss by reducing human efficiency.
  • Impact on Local Business and retailers
    • Loss of Business due to the lack of parking.
    • customer frustration
    • Limited ability to influence (Market expand up to a certain level)
  • Impact on City level
    • Parking revenue loss
    • 30% of traffic congestion due to parking issue
    • inefficient resource allocation.
    • create environmental Problems.

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