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:
“[T]he minister preached a sermon on Jonah and the whale, at the end of which an old chief arose and declared, “We have heard several of the white people talk and lie; we know they will lie, but this is the biggest lie we ever heard.””
—Administration in the State of Miss, U.S. public relief program (1935-1943)
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—Paul Goodman (1911–1972)