Social Capital Theory
As defined in Phillips and Pittman's book (2009), "Social capital is that set of resources intrinsic to social relations and includes trust, norms, and networks. It is often correlated with confidence in public institutions, civic engagement, self-reliant economic development, and overall community well-being and happiness." Application Networks of people share their assets (money, tangible goods or information) to improve the position of the people within the group. Often can be seen as exclusive; instead of benefiting the whole it only benefits the few within society. Adaptation Social capital can be inclusive for the benefit of everyone within a community. For example, communities can promote healthy living by growing their own fruits and vegetables and sharing, exchanging or selling them at a low cost. In urban areas, groups can start local sport groups or exercise groups, such as walking or running on a daily basis.