Final answer:
Community assets refer to the physical infrastructure, such as community centers and swimming pools, that are essential for the health and development of a community. These assets are critical components of public physical capital and are vital for fostering a strong, engaged, and healthy community environment.
Step-by-step explanation:
The physical structures within a community, like a community center or public areas such as a community swimming pool, can be referred to as community assets. These assets play a crucial role in the health and development of a community. They provide spaces for social interaction, physical activity, and community engagement. When communities lack these assets, it's similar to a living organism not receiving proper nutrients, resulting in an unhealthy state. This concept is integral to community psychology and the broader field of social studies, where the focus extends beyond physical infrastructure to consider the social, emotional, and economic needs of residents.
In the context of business development, when conducting a community assessment, identifying both the assets and needs is essential. It involves reviewing past reports and projects, and understanding the context which can include the availability of public physical capital. This includes elements such as education, training, employment, and social services which are critical for community growth and sustainability. Engaging the community using adult education methods that promote critical reflection and adopting an asset-based approach encourages participation and the reinforcement of positive community values.