Everything about Infrastructural Capital totally explained
Infrastructural capital refers to any physical
means of production or
means of protection beyond that which can be gathered or found directly in nature, for example beyond
natural capital and that which isn't considered as "
fluid capital". It may include tools, clothing, shelter, irrigation systems, dams, roads, boats, ports, factories or any physical improvements made to nature. This term can overlap with the notion of
internal improvements and public works.
In
macro-economics the term "
infrastructure" usually refers to the added-value of a nation-state relative to the raw
natural capital of its
ecoregions, for example dams, roads, ports, canals, sewers, border posts, etc. - although it can also be used to describe
firm-specific infrastructure such as factories, private roads, capital equipment, and other such assets.
The more generic term
physical capital is sometimes used to refer to any combination of either infrastructural capital and
natural capital -- recognizing that often an infrastructural improvement, for example a dam or road, becomes impossible to differentiate from the natural ecology within which it's embedded. Although it's confusing to consider
personal property carried on the individual human body part of an "infrastructure", it's also contrary to refer to joint products of nature and man as being "manufactured" or "built" rather than as being "grown" or "developed", for example vines or other plants which grow on a manmade trellis. As both infrastructural and natural capital serve as
means of production and
means of protection from the elements, macro-economists rarely differentiate the two in their analysis.
However, from a public policy point of view, infrastructural capital is prone to more obvious and significant breakdowns and is usually a cost center.
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