Final answer:
Cultural capital is the term that refers to the knowledge, skills, qualifications, and education that reflect one's knowledge of language and the arts, which can influence social status.
Step-by-step explanation:
Non-economic goods, family background, and education which are reflected in a knowledge of language and the arts are all components of what is known as cultural capital. This term, popularized by French sociologist Pierre Bourdieu, encapsulates the non-monetary assets individuals possess that bestow cultural authority and can influence social status. Cultural capital involves an array of competencies, skills, qualifications, and it's broadly categorized into three forms: embodied, objectified, and institutionalized cultural capital.
The 'embodied' form includes personal skills and competencies such as a regional dialect. 'Objectified' cultural capital refers to material possessions that demonstrate one's cultural preferences and competencies, while 'institutionalized' cultural capital is often related to academic credentials and formal education. This concept is distinct from social capital, which involves resources embedded within social networks, or economic capital, encompassing monetary and financial assets. The educational system often plays a role in reinforcing and rewarding cultural capital, perpetuating social class reproduction.