Step 1: The area of the square is given by:
\[
\text{Area of square} = (\text{side})^2.
\]
Substituting \( \text{side} = 14 \, \text{cm} \):
\[
\text{Area of square} = 14^2 = 196 \, \text{cm}^2.
\]
Step 2: The area of the circle is given by:
\[
\text{Area of circle} = \pi r^2.
\]
Here, the diameter of the circle is equal to the side of the square, so the radius \( r = \frac{14}{2} = 7 \, \text{cm} \). Substituting \( r = 7 \):
\[
\text{Area of circle} = \frac{22}{7} \times 7 \times 7 = 154 \, \text{cm}^2.
\]
Step 3: The area of the shaded region is the difference between the area of the square and the area of the circle:
\[
\text{Area of shaded region} = \text{Area of square} - \text{Area of circle}.
\]
Substituting the values:
\[
\text{Area of shaded region} = 196 - 154 = 42 \, \text{cm}^2.
\]