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Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
Spreading false information can also seriously impede the effective and efficient use of the information available on social media. [124] An emerging trend in the online information environment is "a shift away from public discourse to private, more ephemeral, messaging ", which is a challenge to counter misinformation.
Social currency refers to the actual and potential resources from presence in social networks and communities, including both digital and offline. It is, in essence, an action made by a company or stance of being, to which consumers feel a sense of value when associating with a brand, while the humanization of the brand generates loyalty and "word of mouth" virality for the organization.
The social economy refers to the space between public and private sectors occupied by civil society, including community organizations, volunteering, social enterprises, and cooperatives. The social economy represents “a wide family of initiatives and organisational forms — i.e. a hybridisation of market, non-market (redistribution) and non ...
For Marcel Mauss, Durkheim's nephew and sometime collaborator, a total social fact (French fait social total) is "an activity that has implications throughout society, in the economic, legal, political, and religious spheres." [8] Diverse strands of social and psychological life are woven together through what he came to call total social facts.
With the popularity of social media, individuals can easily access fake news and disinformation. The rapid spread of false stories on social media during the 2012 elections in Italy has been documented, as has diffusion of false stories on Facebook during the 2016 US election campaign. [44] Fake news has the tendency to become viral among the ...
The criticism that social credit policies are inflationary is based upon what economists call the quantity theory of money, which states that the quantity of money multiplied by its velocity of circulation equals total purchasing power. Douglas was quite critical of this theory stating, "The velocity of the circulation of money in the ordinary ...
Social finance serves as a middle ground between traditional business, whose main driver is to achieve financial value and traditional charity, whose main driver is to achieve social value. Social finance is a category of financial services that aims to leverage private capital to address challenges in areas of social and environmental need. [1]