Final answer:
The term 'facilities' best describes offices, library, lounge, and storage space, which are integral parts of campus infrastructure providing services and spaces. In a postindustrial society, 'information' is considered the most important commodity.
Step-by-step explanation:
The term that best defines offices, library, lounge, and storage space is facilities. These are physical places where certain activities happen, such as studying in a library or relaxing in a lounge. Facilities are a part of the campus infrastructure and also include dining areas, gyms, and dormitories. Unlike a commodity, which is a tradable item that satisfies wants or needs, facilities are places that provide services and spaces to the community. Additionally, they differ from amenities, which are non-essential features that provide comfort or convenience, although some facilities can also be considered amenities depending on their use and context.
In a postindustrial society, the most important commodity is information. Information allows a society to drive technological advancements, improve communication, and maintain social and economic systems. It is critical for decision-making, education, and innovation.