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 present century has not dealt kindly with the farmer. His legends are all but obsolete, and his beliefs have been pared away by the professors at colleges of agriculture. Even the farm- bred bards who twang guitars before radio microphones prefer “I’m Headin’ for the Last Roundup” to “Turkey in the Straw” or “Father Put the Cows Away.””
—For the State of Kansas, U.S. public relief program (1935-1943)
“I should not regret a fair and full trial of the entire abolition of capital punishment.”
—James Madison (1751–1836)