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The proposed construction of the National Children's Hospital will improve Ireland's infrastructure - Leaving Cert Economics - Question 9 - 2013

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The proposed construction of the National Children's Hospital will improve Ireland's infrastructure. Explain the underlined term and outline one economic benefit to ... show full transcript

Worked Solution & Example Answer:The proposed construction of the National Children's Hospital will improve Ireland's infrastructure - Leaving Cert Economics - Question 9 - 2013

Step 1

Explain the underlined term: Infrastructure

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Answer

Infrastructure refers to the fundamental facilities and systems that serve a country, city, or area, including the services and facilities necessary for its economic activity. This includes capital equipment used to supply publicly available services, such as schools, hospitals, bridges, and roads. In essence, infrastructure supports the smooth functioning of an economy and is essential for industries to operate effectively.

Step 2

Outline one economic benefit to the economy of this development:

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Answer

One significant economic benefit would be improved health care for children in Ireland. The construction of the National Children's Hospital would enhance the quality and accessibility of health services available to children, leading to better health outcomes, greater workforce productivity in the long-term, and potential reductions in healthcare costs as preventive care becomes more effective.

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