social capital
"Social capital" refers to the benefits and resources gained from social relationships and networks, which enhance societal and individual well-being.
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Definition
B2Sociology
(academic)The networks of relationships and connections among people in a society that facilitate cooperation and mutual support.
Example
- High social capital in a community can lead to lower crime rates and better public health.
- Social capital is built through participation in community activities and social networks.
B2Economics
(academic)The collective value and benefits derived from social networks, including trust and cooperation, that enhance economic performance.
Example
- Businesses thrive in regions with high social capital due to easier collaboration and resource sharing.
- Social capital can be a significant factor in economic growth and development.
Similar
Terms that have similar or relatively close meanings to "social capital":