A 1987
US National Research Council panel adopted the term "
public works infrastructure", referring to: "... both specific functional modes – highways, streets, roads, and bridges;
mass transit; airports and airways;
water supply and
water resources;
wastewater management;
solid-waste treatment and disposal; electric
power generation and transmission; telecommunications; and
hazardous waste management – and the combined system these modal elements comprise. A comprehension of infrastructure spans not only these public works facilities, but also the operating procedures, management practices, and development policies that interact together with societal demand and the physical world to facilitate the transport of people and goods, provision of water for drinking and a variety of other uses, safe disposal of society's waste products, provision of energy where it is needed, and transmission of information within and between communities." The
American Society of Civil Engineers publishes an "Infrastructure Report Card" which represents the organization's opinion on the condition of various infrastructure every 2–4 years. they grade 16 categories, namely aviation, bridges, dams,
drinking water, energy,
hazardous waste,
inland waterways,
levees, parks and
recreation,
ports,
rail,
roads, schools,
solid waste,
transit and
wastewater. This aging infrastructure is a result of governmental neglect and inadequate funding. It includes: Human capital is defined by the
Encyclopædia Britannica as "intangible collective resources possessed by individuals and groups within a given population". The goal of personal infrastructure is to determine the quality of the economic agents' values. This results in three major tasks: the task of economic proxies in the economic process (teachers, unskilled and qualified labor, etc.); the importance of personal infrastructure for an individual (short and long-term consumption of education); and the social relevance of personal infrastructure.
Economic According to the business dictionary, economic infrastructure can be defined as "internal facilities of a country that make business activity possible, such as communication, transportation and
distribution networks,
financial institutions and related international markets, and
energy supply systems". Economic infrastructure support productive activities and events. This includes roads, highways, bridges, airports,
cycling infrastructure,
water distribution networks,
sewer systems, and
irrigation plants. Social infrastructures are created to increase social comfort and promote economic activity. These include schools, parks and
playgrounds, structures for
public safety,
waste disposal plants, hospitals, and sports areas. Investors seeking core infrastructure look for five different characteristics: income, low volatility of returns, diversification, inflation protection, and long-term liability matching. Other examples are lights on sidewalks, landscaping around buildings, and benches where pedestrians can rest. ==Applications==