benefits

Why is social capital so important?

Importance of social capital Social capital is a vital resource for individuals, groups, and society. Social capital has been described as a lubricant that facilitates getting things done. It allows people to work together and to access benefits from social relationships. Social capital allows modern economies to function efficiently. Our society, economy, institutions, and political …

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What is the value of social capital?

Social capital is social relations that have productive benefits. The best way to understand social capital is through the old adage, “it’s not what you know, but who you know”. We intuitively understand that we can derive benefits from our relationships with others, whether it be as simple as finding a reliable mechanic (which can …

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