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Author Question: Which of the following is a component of cultural capital? a. acres of land under cultivation b. ... (Read 49 times)

Marty

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on: Aug 8, 2018
Which of the following is a component of cultural capital?
 
  a. acres of land under cultivation
  b. family background
  c. investments in stocks
  d. past investments in government bonds

Question 2

Write a note on wealth and differentiate it from income.
 
  What will be an ideal response?


memslove

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Reply #1 on: Aug 8, 2018
Answer to Question 1

b

Answer to Question 2

Wealth is a more inclusive term than income and encompasses all of a person's material assets, including land, stocks, and other types of property. Wealth allows one to live better, and even modest assets provide insurance against the effects of job layoffs, natural disasters, and long-term illness, and they afford individuals much better interest rates when they need to borrow money. Wealth allows children to graduate from college with little or no debt. This reminds us that for many people, wealth is not always related to assets but also can be measured by indebtedness.


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