A person from a well-off family can afford expensive higher education. Someone with influential relatives and friends may through access to good advice, recommendations, or information management get a well-paid job. Which of the following is true in the given context? I. There are multiple forms of capital. II. Different forms of capital cannot be converted into the other. III. The forms of capital overlap.

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I and III are true. Explanation: • 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. • Social capital is 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 management get a well-paid job.

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