The more extensive the person’s social network, the greater access they have to social, psychological, and economic resources and opportunities. The range of these increasingly broad factors is called social capital.
It generalizes the idea of potential and actual interpersonal resources that are embedded in social networks. Social capital is directly connected to the views of diverse consciousness since diverse social networks allow individuals to maximize their social capital.
A perfect example of its value is the situation when people decide to stay in another country. In this context, the resources of a social network will allow for a faster and simpler adaptation to language and cultural norms.
In addition, social capital proves invaluable in the case of professional networks. People in high positions typically have access to the resources associated with their authority and personal and professional skills. In the meantime, people in low-status positions possess unique insights, talents, and life experiences.