The impact of human and social capital on increasing the income of the population in the rural municipalities in the Republic of North Macedonia – case study for the municipality of Zelenikovo
The impact of human and social capital on increasing the income of the population in the rural municipalities in the Republic of North Macedonia – case study for the municipality of Zelenikovo

Summary/Abstract: This paper focuses on the asset-based development approach which main purpose is to strengthen the diverse resources in the local community that increase the capacity of the population to improve their quality of life. Resources are capital in different form such as human and social capital. Hence the main hypothesis of the paper is: increasing individual human capital and individual social capital affects the increase in the average monthly income of the population in the rural areas in the Republic of North Macedonia. Research was conducted on a sample of the population of the municipality of Zelenikovo in order to prove the paper hypothesis. The expected results of the paper are proving the working hypothesis and thereby encouraging a new way of thinking of the local authorities for development of the local communities.

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