Question

explain the importance of social capital in trade and business with special reference emphasis on indian bussinees communities​

Answer 1

In business, social capital can contribute to a company's success by building a sense of shared values and mutual respect. Social capital can manipulate people and destroy order as is the case with drug cartels and corporations that team up to drive out the competition.

Answer 2

It is essential as it contributes to the growth and success of the company.

• Social responsibility is the duty to support various resolutions and perform desirable acts with respect to goals priorities and also the community's ideals.
• Similarly, by cultivating a sense of shared ideals and mutual respect, social capital in the workplace may help it flourish.
• An enterprise assertion of reliability is supporting community's key objectives and doing its best to voluntarily contribute towards the achievement of these social aspirations along with its profit interests.
• For example: Drug cartels and companies that band together to push out competitors use this concept to influence people and weaken order.