Types of Wealth
Financial capital is a much broader term than economic capital. In a sense, anything can be a form of financial capital as long as it has a money value and is used in the pursuit of future revenue. Most investors encounter financial capital with respect to debt and equity.
Social capital refers to the resources individuals have access to as a result of their social relationships. In some cases, social capital is not very interesting or problematic. For instance, you might have a friend in another city who has promised you use of their couch when you come to visit.
Although the debate about the effect of wealth on entrepreneurship or self-employment is now almost two decades old, there is little consensus among researchers about the significance of wealth as a...
THE RISKS OF A ONE-DIMENSIONAL WEALTH PERSPECTIVE. The proverb “shirtsleeves to shirtsleeves in three generations” is pervasive across many cultures. It effectively communicates the concept that the wealth created by one generation is seldom sustained through another two generations.
Cultural capital is the accumulation of knowledge, behaviors, and skills that one can tap into to demonstrate one's cultural competence, and thus one's social status or standing in society.