Class
The official definition of the word wealth is "an abundance of valuable possessions or money."
Religion
the Aryans measure wealth by sheep or cattle so normally, the farmers were the richest.
Imperialism
Knowledge Katti is a young multi millionaire from Namibia. He derived his wealth from his career in television.
The original definition was outlined by Adam Smith and was no more than the belief that having money constituted having wealth. Since then it has been given countless additional definitions most of which have a common theme of "limited earth". Here are a few of the most common ones: ~ The theory of a zero sum world wealth. ~ The theory that the world's resources are limited and the only way to obtain more is to get from a receiver not a producer. ~ The theory that one cannot gain without taking from another. The general concept behind the modern translations of the theory have largely been disproved as there are resources on earth that are finite and others that are reproductive. In example, oil is finite while wood can be grown in quantities that are only limited by time. In modern economics wealth is considered to be in the form of assets. Things that increase in value. These aren't always directly tied to money and can sometimes be worth a lot of money, but impossible to use to obtain money such as rights to public literature. They can also include many things that are impossible "to possess", but can still be used to produce income such as a working knowledge of how to produce technology that is licensed in the public domain like OpenGL. Further more, inflation of value and interest gained on value increase the world's total value as a whole. The same is true of production. A house is worth much more than the components used to produce it. The value of production and the interest on value increases the total value of the world as whole every year. Which went from $11 trillion in 1980 to $32 trillion in 2000. As of 2012 it has officially exceeded $70 trillion.
Class
Social ranking by social wealth refers to how individuals are perceived and treated in society based on their economic status and material possessions. Those with higher social wealth may have more influence, opportunities, and privileges compared to those with lower social wealth, impacting their social standing and access to resources. This hierarchy can lead to inequality and discrimination based on financial status.
social stratification.
Social ranking refers to the hierarchical positioning of individuals within a society or group based on factors such as wealth, power, or prestige. It determines an individual's status, influence, and opportunities within a given social context. Social ranking can impact relationships, access to resources, and overall quality of life.
In order to determine who does what. In other words, to establish the division of labor in a society.
The definition is someone who is rich. wealth is like being rich or having a lot of money.
Social ranking in the Chinook tribe was typically based on a person's lineage, wealth, and achievements, as well as their ability to provide for the community. Chiefs and other influential individuals held higher social status, and their position was often inherited or earned through successful leadership and resource management. Cooperation, generosity, and demonstrating respect for the tribe's customs also played a role in determining social ranking.
(Apex Learning) Ranking people based on factors such as gender, wealth, and occupation.
The basis for organizing people into social groups of clans often stems from shared ancestry, kinship ties, and common cultural practices. Clans provide a sense of belonging, support, and identity for individuals within a larger society. They often serve as units for social organization, governance, and resource sharing.
All involved redistribution of wealth
A social hierarchy is a system of organizing and ranking individuals or groups based on social status, power, wealth, or other criteria. It determines the relationships and interactions between people, often influencing access to resources, opportunities, and privileges. Social hierarchies can be present in various aspects of society, such as class, race, gender, or occupation.
a common wealth government shares all the wealth gay