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social capital
/sˈoʊʃəl kˈæpɪɾəl/
/sˈəʊʃəl kˈapɪtəl/
Social capital
01
the collective value of social networks and the inclinations that arise from these networks to do things for each other
Examples
Communities with high levels of social capital tend to have stronger bonds among residents, leading to greater resilience and support during times of adversity.
Social capital plays a crucial role in fostering economic development, as networks of trust and cooperation facilitate entrepreneurship, innovation, and investment.
