G4 Qatar Flashcard

Front

What is Social Overhead Capital (SOC)?

Back

SOC refers to public services and infrastructure that indirectly contribute to economic growth, such as education, healthcare, and transportation.

Front

What is the significance of social infrastructure?

Back

Social infrastructure helps protect businesses and private property by preventing theft and vandalism, thus reducing economic losses.

Front

What is an example of a challenge in developing SOCs in Qatar?

Back

High construction costs are a significant challenge in developing SOCs in Qatar.

Front

Why is investment in education considered part of SOC?

Back

Investment in education develops human capital, which aligns with the Islamic emphasis on knowledge and well-being.

Front

What does the Islamic perspective say about shared resources?

Back

Islam emphasizes that people are partners in shared resources like water and fire, promoting communal access rather than private ownership.

Front

What is the role of public services in economic growth according to SOC?

Back

Public services contribute indirectly to economic growth by providing essential infrastructure and services that support the economy.

Front

How does SOC relate to human capital development?

Back

SOC investments, particularly in education and healthcare, enhance human capital, which is crucial for economic development.

Front

What is the difference between social infrastructure and economic infrastructure?

Back

Social infrastructure focuses on services that benefit society (like education and healthcare), while economic infrastructure supports economic activities (like transportation and utilities).

Front

What are some examples of social infrastructure?

Back

Examples include schools, hospitals, parks, and community centers.

Front

How does high construction cost affect SOC development in Qatar?

Back

High construction costs can limit the ability to build and maintain necessary social infrastructure, hindering overall development.