What is SOCIAL and CULTURAL CAPITAL?

Money & Energy Apr 15, 2019

Let’s get the definition sorted.

SOCIAL CAPITAL – is like a currency. Suppose you have 10 close friends. They are your social capital. Suppose you are respected and loved by your fans and your community that is again your social capital. So social capital increases if your friends and social circle think good of you and decreases if you are not nice to them.

Social capital is a currency whose values increases and decreases as per time. It is dependent on lot of factors like how much money you have, how influential you are. How you treated a friend of an acquaintance.

CULTURAL CAPITAL – Cultural capital is what is your family background, what class you belong too. What kind of education you received. What kind of social parties you attend. Are you a music or an art connoisseur? The food you consume. For eg. Organic food, Fair Trade coffee etc.

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