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Social capital
01
the collective value of social networks and the inclinations that arise from these networks to do things for each other
Example
Social capital plays a crucial role in fostering economic development, as networks of trust and cooperation facilitate entrepreneurship, innovation, and investment.
Bridging social capital refers to connections between people from different social groups, which can facilitate the exchange of diverse perspectives and resources.
Communities with high levels of social capital tend to have stronger bonds among residents, leading to greater resilience and support during times of adversity.
Trust and reciprocity are essential components of social capital, enabling individuals to rely on one another and collaborate effectively for mutual benefit.
Building social capital requires investment in community-building activities, such as volunteering, civic engagement, and social gatherings, that strengthen relationships and foster a sense of belonging.
