Social capital
While we have a fair idea of social network, only few know about this is relatively new and multifaceted jargon: Social Capital . The simplest way to understand social capital is through the old adage, “it’s not what you know, but who you know” . There is variety of definitions of this word due to highly contextual nature. In words of wiki social capital is the expected collective or economic benefits derived from the preferential treatment and cooperation between individuals and groups. I became aware of this term while studying Livelihood and Natural resource management. I recalled concept of social capital while working with producer groups. I started wondering about cohesive nature and community cooperation. Any person in society cooperate as well as compete. Still others may be in conflict. Hence, I saw there is a scope for micro to macro level analysis of social capital. Alas ! I am not an expert on this subject. There is also an absence of consensus on how to measure it due...