Task 1: Venn DiagramDirections: Complete the Venn Diagram below. Provide words or terms that tell the topics are different in the outer circles and write five details that tell how the topics are alike where the circles overlap. You may base your answers from your previous knowledge and readings about the given topic.
Answer (1)
Venn Diagram: Financial Capital vs. Social CapitalFinancial Capital (Left Circle – unique features):Money, savings, and investmentsTangible resources (cash, property, assets)Easily measurable in valueUsed directly for business or economic transactionsCan decrease when spentSocial Capital (Right Circle – unique features):Trust, networks, and relationshipsIntangible (based on social ties and cooperation)Hard to measure in monetary termsUsed to build opportunities and connectionsIncreases through participation and trustWays They Are Alike (Overlap – 5 points):1. Both are important resources for growth and development.2. Both can improve quality of life and opportunities.3. Both help in building sustainable communities and businesses.4. Both require proper management to be effective.5. Both contribute to socio-economic development.---Written PartCooperative is important becauseit brings people together to achieve common goals, strengthens both financial and social capital, and provides support to its members. It allows people to pool resources, share responsibilities, and benefit equally.I realized that the role of cooperative in socio-economic development includespromoting fairness, reducing poverty, creating job opportunities, and empowering communities. Cooperatives also help members gain access to financial resources while building trust and solidarity among people.
