Correct Option
Social capital refers to the collective value derived from social networks, shared norms, mutual trust, and reciprocal relationships within a society. It encompasses the resources available to individuals and groups through their connections and the quality of those connections. A high level of mutual trust and harmony facilitates cooperation, collective action, and overall societal well-being, making it a fundamental component of social capital.
Incorrect Options
- Option (A): The proportion of literates in the population is a key indicator of human capital. Human capital relates to the knowledge, skills, health, and education embodied in individuals, which enhance their productivity and economic value.
- Option (B): The stock of buildings, other infrastructure, and machines represents physical capital or economic capital. These are tangible assets used in the production of goods and services, distinct from the intangible social connections and norms.
- Option (C): The size of the population in the working age group relates to demographic structure and potential demographic dividend. While a significant factor for economic development, it does not directly define social capital, which focuses on the quality of social relationships and networks.