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:
“The extravagant expenditure of public money is an evil not to be measured by the value of that money to the people who are taxed for it.”
—Chester A. Arthur (1829–1886)
“Mr. Whistler always spelt art, and we believe still spells it, with a capital “I.””
—Oscar Wilde (1854–1900)