A person or group that has risen suddenly to a position of wealth is often referred to as "new money" or "nouveau riche." This term describes individuals or families who have recently acquired significant wealth, often through entrepreneurship, innovation, or sudden windfalls, as opposed to those who inherit wealth from previous generations. Examples include tech entrepreneurs who achieve rapid success or lottery winners who experience a sudden financial transformation.
The social standing of a person in a society or group refers to their position, rank, or perceived status within that particular social hierarchy. It can be influenced by factors such as wealth, education, occupation, and social connections, and may impact how an individual is perceived and treated by others in that society or group.
status refers to a person's position or standing in a group or society, while role refers to the behavior and responsibilities associated with that position. Status is typically determined by social factors such as wealth, education, or occupation, while role is shaped by societal expectations and norms.
minority group
Almost: an oligarchy is a type of government controlled by a small group of very wealthy individuals who control the political process. Control of a government by military means is called a military dictatorship, while control of a government due to social position is now obsolete (think of the French nobles in the late1700's).
St. James's Place Wealth Management Group was created in 1991.
minority group
minority group
An oligarchy is government by a small group of people. Their power could come from being wealth and having a high social standing. But it is more likely to come from controlling a countries armed forces - so keeping in power by force.
Suddenly, the whole group was on the bandwagon.
Group Role
Group Role
Somebody answer this question.