In every society, some individuals have a greater share of valued resources - money, property, education, prestige etc., - than others. These social resources can be divided into different forms of capital. Identify them from the following.
(A) Economic capital
(B) Cultural capital
(C) Social capital
(D) Educational capital
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) - (A), (B), and (C)
"In every society, some people have a greater share of valued resources – money, property, education, health, and power – than others. These social resources can be divided into three forms of capital – economic capital in the form of material assets and income; cultural capital such as educational qualifications and status; and social capital in the form of networks of contacts and social associations.
Often, these three forms of capital overlap and one can be converted into the other. For example, a person from a well-off family (economic capital) can afford expensive higher education, and so can acquire cultural or educational capital. Someone with influential relatives and friends (social capital) may – through access to good advice, recommendations or information – manage to get a well-paid job."
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