By Hector Cisneros
Most people know what equity is. For a business, it's the net difference
between the assets and liabilities a company has. We've also heard of
sweat equity, where a person does a portion or all of the work when fixing up
their home, business or other projects. So then, what is social equity? In the
word-of-mouth world, social equity refers to the notion, which people often
feel a need to reciprocate for the help received. It’s when they believe they were
befriended by someone and have a feeling of indebtedness.
It’s a psychological debt that they feel they
need to return the favor.
You’ve heard
people say “I owe you one,” right?