This is the 590th most frequent Croatian word.
društvo
The Croatian word "društvo" means "society" or "company" (as in a group of people).
In this context, 'društvo' refers to society in general, as a collective of individuals and their culture.
Društvo je važan dio ljudskog života.
Society is an important part of human life.
Here, 'društvo' refers to a group of close friends or acquaintances.
Pozvao sam svoje društvo na večeru.
I invited my friends over for dinner.
In this sentence, 'društvo' is used in the derived form 'društveno' to describe something relating to society, in this case referring to social responsibility.