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Social Capital and Its Impact on Wellbeing

   

Added on  2021-04-21

18 Pages2079 Words114 Views
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Social capital and its impact on wellbeing Name of the student:Name of the university:Author note:
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Introduction •Social capital is the most important aspect of economic structure and activity of a particular society•It is the aggregate of the actual of the potential resources that a society has.•A social capital is linked to cooperative norms, trust and social networks.•It has a significant impact on the health and wellbeing of the society in general as well (Song, 2013).
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Social Capital and Wellbeing•Social capital facilitates various different aspects of economic activity.•Enhancing the health and wellbeing of any particular society depends effectively on the economic activity of the society and the ability of the society (Song, 2013).•Adequate societal capital can also facilitate active enforcements of the contracts along with enhancing the provision of the public good.•Health and wellbeing of the society being a fundamental part of public good•It is also crucially linked with the social capitaland its rightful dissemination(Murayama, Fujiwara & Kawachi, 2012)
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Key theories and concepts•Social capital is the resources that are inherent in the social relations that helps in facilitating collective action in the society for the incorporation of the common good (d'Hombres et al., 2010). •A culture with high social capital has been provisioned as the bargaining, compromise, and pluralistic politics.•High social capital facilitates better education, government and political engagement, better employment networking, better health outcomes and better security and safety of the society. •The key facilitators of high social capital in any society are the voluntary participation, networking, mentoring and mutual organizational support, and political justice (Poortinga, 2012).
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