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:
“You know, Mr. Secretary, I have found out in the course of a long public life that the things I did not say never hurt me.”
—Calvin Coolidge (1872–1933)
“Nobility is a graceful ornament to the civil order. It is the Corinthian capital of polished society.”
—Edmund Burke (1729–1797)