What is defined as the social knowledge and connections that enable people to achieve their goals?

The definition refers to the concept of social capital, which encompasses the networks, relationships, and social skills that individuals can utilize to achieve their goals. Social capital is about the value derived from social relationships, including trust, cooperation, and the ability to access resources through one’s connections. It highlights how social networks can provide individuals with opportunities and facilitate teamwork and collaboration.

In contrast, cultural capital relates to the non-financial social assets that promote social mobility, such as education, intellect, style of speech, and dress. Human capital refers to the skills, knowledge, and experience possessed by an individual, which can be improved through education and training. Economic capital pertains to financial assets, resources, or wealth that can be utilized to secure a certain standard of living or financial stability. Thus, while all these forms of capital have their significance, social capital specifically refers to the power of social networks in helping individuals meet their objectives.