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Q: What are the disadvantages of social capital?
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Continue Learning about Economics

What is social overhead capital?

Capital spent on social infrastructure, such as schools, universities, hospitals, libraries.


Types of capital?

There are different types of capital in economics. Some of the common ones include financial capital, human capital, natural capital, instructional capital and social capital.


What is social capital in economics terms?

Economists speak of the different types of resources that can be utilized in the production of a good or service. These resources also known as factors of production can be put into four broad categories these are land, labor, capital and entrepreneurship. Capital is defined as buildings, equipment, and other assets that assist in the production of goods or services.Economists classify capital in terms of physical capital, human capital, and social capital. Physical capital consists of tangible items used to produce goods and services. Human capital consists of the education and training of the individuals in the production of goods and services. Social capital consists of the social connections, norms of behavior and trust between individuals that assists in the production of goods and services.


What is meant by transition economies?

The economies which are converting from social market system to capital market system


What are the advantages and disadvantages of sale of assets?

Advantage: you get your money back straight away. Disadvantages: The assets may grow in value quicker than what the cash can yield elsewhere. •You can be taxed on any capital gains.