Government-funded Public Works Projects
Definition
These are construction projects such as highways, bridges, or parks that are financed by the government and intended for public use and benefit.
Analogy
Think of these like a school's decision to build a new playground. The school (government) funds the project for all students (public) to enjoy and benefit from.
Related terms
New Deal: A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
Infrastructure: Basic physical systems of a business or nation; transportation, communication, sewage, water and electric systems are all examples of infrastructure.
Public Sector: The part of an economy that is controlled by national, state, and local governments.
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