Chapter 8 Flashcards
Social inequality
situation in which members of society have different amounts of wealth, prestige, or power
Stratification
structured ranking of entire groups of people that perpetuates unequal economic rewards and power in a society
Income
salaries and wages
Wealth
inclusive term encompassing all a person’s material assets
Ascribed status
social position assigned to person by society without regard for the person’s unique talents or characteristics
Achieved status
social position that a person attains largely through his or her own efforts
Slavery
individuals owned by other people, who treat them as property
Castes
hereditary ranks that are usually religiously dictated and that tend to be fixed and immobile
Estate system, or feudalism
peasants worked land leased to them in exchange for military protection and other services
Class system
social ranking based primarily on economic position in which achieved characteristics can influence social mobility
Upper and Lower Classes
Upper class: 1 to 2% of U.S.
Very wealthy
Lower class: 20 to 25% of U.S.
Lacks wealth and income and politically weak
Middle Class
Upper-middle class: 10 to 15% of U.S.; includes professionals
Lower-middle class: 30 to 35%; includes less affluent professionals
Working Class
40 to 45% of U.S. population
People who hold regular manual or blue-collar jobs
Some may have income above those of the lower-middle class
Factors contributing to shrinking size of middle class
Disappearing opportunities for those with little education
Class Warfare
Occupy Wall Street Political leaders began to speak of class conflict
Capitalism
means of production held largely in private hands, and main incentive for economic activity is accumulation of profits
Bourgeoisie
capitalist class; own the means of production
Proletariat
working class