What type of capital refers to monetary resources and wealth?

Study for the University of Toronto SOC100H1 Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Economic capital refers to monetary resources and wealth, making it the appropriate choice in this case. This concept is crucial in understanding how financial assets and resources can influence individuals' life opportunities, social mobility, and access to various forms of power within society.

While cultural capital encompasses the knowledge, skills, education, and any advantages a person has that gives them a higher status in society, it does not pertain directly to financial assets. Social capital relates to the networks, relationships, and social connections that provide support and resources but does not inherently refer to wealth. Human capital emphasizes the attributes and skills individuals possess, such as education and intelligence, which can contribute to economic success but again does not equate to wealth itself.

Therefore, recognizing economic capital as the form of capital that specifically pertains to monetary resources clarifies its distinct role in the broader sociological context.

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