Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Project Management is the art of managing all the aspects of a project from inception to closure using a scientific and structured methodology. The term project may be used to define any endeavor that is temporary in nature and with a beginning or an end. The project must create something unique whether it is a […]
Any Importer wishing to bring in cargo into the country may do so through air, ship, and road or multi modal transport. Every import consignment is required to be deposited by the transportation agency or the freight forwarder into the Customs Designated Bonded warehouse for Customs Clearance. Customs Clearance is facilitated by Customs Clearance Agent […]
Introduction Supply-chain management plays a pivotal role in ensuring goods, and services are delivered on time to customers. Within supply-chain management, inventory management plays a central role. Inventory involves various cost, investment, space management, etc. Also there are chances that stored inventory may get damaged or get stolen adding to extra cost to the company. […]
The final step in the metrics is to measure the financial benefits that are accruing to the firm because of the Six Sigma project being undertaken. This is important and is also an area of concern. Most criticisms of Six Sigma say that the benefits that are presented in such analysis are incorrect and actually […]
ERP represents a wide suite of applications covering various enterprise functionalities. It also links together departments and business units. Whereas an ERP system provides a perfect back end system, the organization still needs to interact and collaborate with its suppliers and vendors, where an ERP system plays only a limited role. Extended ERP: The business […]
An economy consists of many sectors. However, infrastructure is known to be the backbone of any economy. Roads, railways, electricity, and banking services are the very bedrock on which the modern economy grows. Until and unless a nation has robust infrastructure, any other industry will find it difficult to grow and prosper.
In this article, we will have a closer look at the various problems that are faced when a nation decides to expand its infrastructure.
The main reason why the development of infrastructure is considered so important is the fact that it is ubiquitous. Consider the example of electricity for instance. All industries use power. Hence, if a nation does not have a stable supply of cheap electricity, enterprises will find it difficult even to survive. Infrastructure is composed of utility industries which become the part of the cost structure of every kind and service produced. Just like electricity, transportation and telecommunication will also be an expense for every industry.
Infrastructure is controlled by a handful of large corporations and the government. This makes it easier to make it more efficient. Consider the case of China which has built excellent infrastructure for all its industries. The result of the effort taken by the Chinese government is that the cost of production of all goods and services is lower than the rest of the world.
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