Date Posted: 2002-05-03 10:06:17
This term refers to a range of measures which assist in defining or describing the health of the social fabric or community life in economic terms.
It is largely a term used to ascribe an inherent value to things such as building and developing community, social networks, facilities and community activities so that the worth of these things is not lost under an economic rationalist world view.
As a concept, social capital also encourages the idea that cooperation adds value to society in areas where competition cannot assist.
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