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One differemce is how the rich and middle class view money. The rich do not work for money to spend on things. They use money to create assets and find ways to use their money to make more money. They do not spend their money on liabilities and find ways to have other people make money for them (like employees). They allow their assets to pay their liabilities.
The middle class spends time working for money and spend their money on things they want, not creating assets.
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What is the difference between poor men and women and rich men and women in Egypt?
In Egypt, there are disparities in access to education, healthcare, and job opportunities between poor and rich individuals, regardless of gender. Women in general face additional challenges in terms of societal expectations and limited opportunities for economic empowerment. These gender and socio-economic factors intersect to create unique challenges for poor women compared to rich men, but also demonstrate disparities within each gender group.
Is the Middle East bad?
"Bad" and "evil" are subjective terms, that being said, it is impossible to cover millions of people with a monotone word like "bad". There are incredible nuances and complexity concerning the Middle East.
A class of people of high social rank?
A class of people of high social rank are often referred to as the aristocracy or nobility. They typically have inherited wealth and status based on their family lineage and may hold titles such as duke, baron, or count. This social class is often associated with privilege and prestige.
What is the difference between social unrest and financial crisis?
social unrest can be due to trivial factors in rich countries too like religious factors and cultural factors. so while middle east is rich due to monarchy and terrorism, there exists social unrest. similarly rampant consumerism in usa gives rise to social unrest.financial crisis is related with economy decline and meltdown.people may be poor but still happy and peaceful, moneydoesnot equal peace
What is the Rich poor divide?
The rich-poor divide refers to the economic inequality between individuals or groups with high levels of wealth and those with low levels of wealth. It encompasses disparities in income, assets, opportunities, and living standards. The divide can lead to social and political issues such as unequal access to resources and opportunities.
Does Canada have a rich middle and poor class?
Canada does have a middle rich and poor class. :)
What is the definition of income gap?
The income gap is the gap between the rich and the poor. We call that gap the middle class.
How do you use the word middle class in a sentence?
There is rich, middle class, and poor. I, myself, am middle class.
Was Belle Boyd rich or poor?
She was not rich but I don't know if she was poor or middle class but I think it's middle class
Is Zimbabwe rich poor or middle class?
middle
Was Bruce Lee rich or poor or middle class?
Rich
Did Franklin Pierce grow up rich poor or middle class?
His family was middle class moving to upper middle class.
Is Russia a rich or poor nation?
Middle Class.
Stonewall Jackson rich or poor?
he was middle class
How rich is slash?
his kind of a middle class guy
What defines someone as being middle class?
"Middle class" has no strict definition, except that it is between "working class" and "upper class." Generally, those in the working class tend to work for hourly wages at jobs that do not require college degrees, which they often lack. In contrast, the upper class consists of the wealthiest individuals, who may not even need to work and can afford most luxuries. The middle class is somewhere between these two.
What was the colonial class system?
upper class, middle class, and middle class
