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Nanotechnology by Sherron Sparks

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7Standardization

Social capital is a widely used term referring to the norms and networks that enable a collective action It is the societal cooperation of a people, enveloping relationships, institutions, and customs that shape a society’s social interactions.

This societal cooperation is an ″invisible hand″ according to Adam Smith in his 1776 book Wealth of Nations. Smith posits that a man’s pursuit of his individual interests is the criteria with which others pursue their own path Rules of engagement must be established that motivate humans to take the concerns and needs of others into consideration when making decisions.

This invisible hand is the social capital It is the connection between the social networks that govern society, both domestically ...

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