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:
“In the Corner Store, near the village center, hangs a large sign reading: ‘After 40 years of credit business, we have closed our book of Sorrow.’”
—For the State of Maine, U.S. public relief program (1935-1943)
“A good many have been thrown out on their broad capital bases.”
—John Dos Passos (1896–1970)