It, too, is accumulated by an individual or a business and used, or is available for use, in the production of wealth.
Put more simply, it's the accumulation of resources developed through personal and professional networks.
These resources include ideas, knowledge, information, opportunities, contacts and, of course, referrals.
According to Wayne Baker, author of Achieving Success Through Social Capital , "Studies show that lucky people increase their chances of being in the right place at the right time by building a 'spider web structure' of relationships that catch information."
Furthermore, according to Baker, "Success is social; all the ingredients of success that we customarily think of as individual-talent, intelligence, education, effort and luck-are intertwined with networks."
Thus, a key way that social capital is acquired is through networking because successful networking is all about building and maintaining solid, professional relationships.