Social capital refers to the relationship between individuals or groups-social network, reciprocal norms and the resulting trust, which is the resource brought by people's position in the social structure.

Social capital is the first concept used by sociologists. Granovetter first conceptualized social capital, but the academic community has not yet formed a unified concept of what social capital is. Different scholars have made different definitions of the concept of social capital from their subject categories and research paradigms.

Extended data

trait

Foreign research experience proves that social capital can reduce uncertainty and transaction cost, improve transaction efficiency, encourage specialization, and increase investment in human capital, material capital and concept innovation. Social capital determines the trade-off between production (manufacturing) and plunder (taking away).

In addition to positive effects, social capital also has negative effects, and the latter is also very important. For example, strengthening cooperation within a group will bring good results to members within the group, but it often does not bring good results to non-group members.

Although social capital is intangible and has different forms, it still has its own remarkable characteristics. First of all, social capital is very similar to material capital, financial capital and human capital-they can promote economic development and help control economic resources.

Baidu Encyclopedia-Social Capital