importance

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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Is social capital important?

Social capital is important because it represents the productive benefits of sociability. The importance of social capital cannot be understated since it relates to every benefit of living in a society rather than as a hermit. Social capital has been described as both a glue and lubricant – a glue that holds societies together without …

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