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The article investigates different approaches to social capital defining as well as to the role of social capital in the economy. The author has found out that social capital can bring forth the range of positive social and economic effects,stimulating the economic development of the country. It also can bring force some negative effects, keeping a check on economic development and proliferating social disproportions.It has been elicited that the way of social capital impact on social welfare is a function of the equitability of its allocation in the society.

Proportions of social capital allocation in the society as a key to defining the vector of its effect on social welfare