Human capital
According to James Coleman (1988) human capital is the skill set an individual brings to the table. Moreover, the new changes one can bring a situation. For instance, companies always seek to hire younger people in addition to their experienced employees. This is due to the human capital which they strive to uphold. They know that as years go by, the younger generations are developing newer skills, especially ones relating to technology, the internet, and social media. Thus, they need more people that have the skills for such a fast and evolving network to maintain themselves and their success.
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Cultural capital
Pierre Bourdieu (2009), states that cultural capital has three forms to it, the embodied state, the objectified state, and the institutionalized state. The embodied state is the persons' culture and how that forms and affects the person from within, the objectified state refers more to the persons' knowledge regarding the culture's "material objects and media, such as writings, paintings, monuments, instruments, etc., (Bourdieu 2009, p.448) and the institutionalized state refers to a person's education level and academic qualifications in society. This capital form ties back to the human capital because as an individual is becoming more educated in general and in their specific culture, they form unique skills that deviate them from others.
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Social capital
As stated by Coleman (1988), it is the network of connections and relationships an individual forms in society. The larger the network, the more successful they are in expanding themselves and their profits. This capital is tied back to the previous capitals because being rich in culture and education and having unique skills is what allows one to branch out and get introduced to a larger population of individuals, organizations, and or societies. As a result, the network grows.
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