Question
Download Solution PDFIn the context of any country, which one of the following would be considered as part of its social capital?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct Answer is Option 4 i.e The level of mutual trust and harmony in the society.
- The stock of its buildings, other infrastructure, and machines implies a physical capital.
- Social capital is the values, beliefs, and attitudes that govern the nature of social interactions.
- social capital refers to connections among individuals – social networks and the norms of reciprocity and trustworthiness that arise from them i.e the level of mutual trust and harmony in the society.
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