Symbolic capital refers to the non-material resources that individuals or groups possess, which can influence their social status and power. This concept, introduced by sociologist Pierre Bourdieu, encompasses elements like prestige, recognition, and honor that contribute to one's social identity. Unlike economic or cultural capital, symbolic capital is often derived from social relationships and the perception of others. In various contexts, such as education or business, symbolic capital can enhance an individual's or organization's reputation, leading to greater opportunities and influence. For example, a well-respected academic may attract more funding or collaboration due to their symbolic capital, which reflects their expertise and standing in the field.