Question

What are the types economic, cultural, and social capital that you possess and the social advantages or disadvantages you have in your community as a result of having these types of capital?

Answer 1

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 relationships, 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.