Social capital

Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups.[1][2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity. Some have described it as a form of capital that produces public goods for a common purpose, although this does not align with how it has been measured.

Social capital has been used to explain the improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the value derived from strategic alliances, and the evolution of communities. [3]

  1. ^ "Social Capital | Definition of Social Capital by Oxford Dictionary on Lexico.com also meaning of Social Capital". Lexico Dictionaries | English. Archived from the original on 11 April 2020. Retrieved 17 January 2021.
  2. ^ "Social Capital | Definition of Social Capital by Investopedia". Investopedia. Retrieved 13 December 2024.
  3. ^ Bhandari, Humnath & Yasunobu, Kumi (2009). "What Is Social Capital? A Comprehensive Review of the Concept." *Asian Journal of Social Science*, **37**: 480–510. doi:[10.1163/156853109X436847](https://doi.org/10.1163/156853109X436847).

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