Social And Economic Status

Question 1

What is class?

Answer 1

Class refers to a social group, defined in terms of its economic position in a hierarchy of i equality and with material interests that differentiate it from other classes

Question 2

Economic status: income and wealth

Answer 2

Upper middle and lower class depending on the following: wealth, income, occupation and education

Question 3

Socio-economic status

Answer 3

An economic and sociological combined total measure of a persons work experience and of an individual’s or family’s economic and social position in relation to others based on income, education and occupation

Question 4

Lifestyle components

Answer 4

Taste (clothes, cars, houses)

Question 5

A social and economic position

Answer 5

Each individual a member of a position

Question 6

Social structure

Answer 6

Social structure is the distinctive, stable arrangements of institutions whereby human beings in a society interact and live with eachother