What is SOCIAL CAPITAL?

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What does SOCIAL CAPITAL mean? SOCIAL CAPITAL meaning - SOCIAL CAPITAL definition - SOCIAL CAPITAL explanation. What is the meaning of SOCIAL CAPITAL? What is the definition of SOCIAL CAPITAL? What does SOCIAL CAPITAL stand for? What is SOCIAL CAPITAL meaning? What is SOCIAL CAPITAL definition?

Social capital is a form of economic and cultural capital in which social networks are central, transactions are marked by reciprocity, trust, and cooperation, and market agents produce goods and services not mainly for themselves, but for a common good.

The term generally refers to (a) resources, and the value of these resources, both tangible (public spaces, private property) and intangible ("actors", "human capital", people), (b) the relationships among these resources, and (c) the impact that these relationships have on the resources involved in each relationship, and on larger groups. It is generally seen as a form of capital that produces public goods for a common good.

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.

During the 1990s and 2000s the concept has become increasingly popular in a wide range of social science disciplines and also in politics.