Social Capital: The New Currency for Good Governance | For Mains 2023-24 |

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Social capital refers to the intangible resources within social networks that enable cooperation and collaboration. It includes trust, norms, and shared values. There are three types: bonding (within homogeneous groups), bridging (between diverse groups), and linking (across different power levels). Examples include community organizations, clubs, and professional networks that promote social interaction, resource sharing, and opportunities. Social capital enhances social cohesion and collective action, contributing to individual and community well-being.
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