Public capital is the aggregate body of government-owned assets that are used as the means for private productivity. Such assets span a wide range including: large components such as highways, airports, roads, transit systems, and railways; local, municipal components such as public education, public hospitals, police and fire protection, prisons, and courts; and critical components including water and sewer systems, public electric and gas utilities, and telecommunications. Often, public capital is defined as government outlay, in terms of money, and as physical stock, in terms of infrastructure.
Read more about Public Capital: Current State in The U.S., Economic Growth, Social Benefit
Famous quotes containing the words public and/or capital:
“Mormon colonization south of this point in early times was characterized as “going over the Rim,” and in colloquial usage the same phrase came to connote violent death.”
—State of Utah, U.S. public relief program (1935-1943)
“It is a capital blunder; as you discover, when another man recites his charities.”
—Ralph Waldo Emerson (1803–1882)