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in ONE sentence as if you were reading it from a dictionary, though in your own words.

A group of people who interact and exchange ideas/contacts/whatever on a friendly and casual level.

"The interactions of individuals within a larger group."

EDIT:
An alternate description would be:

"An over-used word that has no intrinsic meaning and is just used as jargon and currently holds the title of the eighth most hated word on the internet (nod). "

Regarding the web:

It's just a group of connections between people on a variety of different levels, non of which can really be defined in one sentence.

In real life:

It's connection between individuals which are most often "personal relationship" dependent.

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