Ethan owns a Redwood Bicycle, a brand of high-tech bicycles known the world over.He is admired among his friends at the university for owning a Redwood Bicycle.This scenario demonstrates the concept of .

Question

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The scenario is demonstrating the concept of cultural capital, where Ethan's possession of a high-tech Redwood Bicycle is seen as a status symbol among his friends at the university.

Ethan Owns a Redwood Bicycle, a Brand of High-Tech Bicycles