What is SOCIAL CAPITAL? What does SOCIAL CAPITAL mean? SOCIAL CAPITAL meaning & explanation

| August 27, 2016

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What is SOCIAL CAPITAL? What does SOCIAL CAPITAL mean? SOCIAL CAPITAL meaning - SOCIAL CAPITAL definition - SOCIAL CAPITAL explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/... license. Social capital is a form of economic and cultural capital in which social networks are central, transactions are marked by reciprocity, trust, and cooperation, and market agents produce goods and services not mainly for themselves, but for a common good. The term generally refers to (a) resources, and the value of these resources, both tangible (public spaces, private property) and intangible ("actors", "human capital", people), (b) the relationships among these resources, and (c) the impact that these relationships have on the resources involved in each relationship, and on larger groups. It is generally seen as a form of capital that produces public goods for a common good.

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