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In general, money is the most important factor in determining which social stratum a given person will belong to. There are some exceptions - some cultures value age, wisdom, holiness, beauty, athletic ability, etc., more than money. But money is, on the whole, the most important. Money is power.

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Flavio Mitchell

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What is stratification of wealth?

Stratification of wealth refers to the unequal distribution of assets, resources, and income among individuals or groups within a society. This can lead to the concentration of wealth and power in the hands of a few, while others may experience financial hardship or limited opportunities. Social stratification based on wealth can contribute to societal inequalities and disparities.


What is The ranking of people based on factors such as wealth gender and occupation is referred to as?

social stratification.


What is the primary dimension of social class?

The primary dimension of social class is typically based on a person's socioeconomic status, which includes factors such as income, occupation, education level, and wealth. These elements help determine an individual's position within the social hierarchy and influence their access to resources and opportunities.


What are the five basic characteristics of social stratification?

The five basic characteristics of social stratification are: a) Ancient Stratification / The Antiquity of Social stratification b) The Ubiquity of Stratification c) The Social Patterning of Stratification d) The Diversity of Form and Amount of Stratification e) The Consequences of Stratification


Social stratification of the Philippines today?

The Philippines exhibits significant social stratification with disparities in wealth, education, and opportunities. The elite class holds concentrated power and wealth, while a large portion of the population lives in poverty. Factors such as colonial history, corruption, and economic policies have contributed to this stratification, leading to a significant gap between the rich and the poor in the country.

Related Questions

What is stratification of wealth?

Stratification of wealth refers to the unequal distribution of assets, resources, and income among individuals or groups within a society. This can lead to the concentration of wealth and power in the hands of a few, while others may experience financial hardship or limited opportunities. Social stratification based on wealth can contribute to societal inequalities and disparities.


What is The ranking of people based on factors such as wealth gender and occupation is referred to as?

social stratification.


Is Social stratification responsible for unequal development?

Yes, social stratification can contribute to unequal development by creating barriers to accessing resources and opportunities based on factors like income, education, and social status. This can result in disparities in areas such as wealth, health, and education levels among different social groups, leading to uneven development outcomes.


What are the basic characteristic of social stratification?

There are some characteristics of social stratification: 1) social (unbiological) - distribution goods in society is based on norms or generally recognized rules; 2) traditionality - social inequality different group of people is saved during all history of human civilization. The common types of social stratification are : economical (the level of wealth and income); political (access to political power); educational (education level); and occupational prestige.


What is the primary dimension of social class?

The primary dimension of social class is typically based on a person's socioeconomic status, which includes factors such as income, occupation, education level, and wealth. These elements help determine an individual's position within the social hierarchy and influence their access to resources and opportunities.


What is social stratification and what are the major causes?

Social stratification is the division of society into categories of rank in a hierarchy of classes (upper/middle/lower) based on criterion or a combination such as race, colour, religion, gender, age, etc.


What are the five basic characteristics of social stratification?

The five basic characteristics of social stratification are: a) Ancient Stratification / The Antiquity of Social stratification b) The Ubiquity of Stratification c) The Social Patterning of Stratification d) The Diversity of Form and Amount of Stratification e) The Consequences of Stratification


Social stratification of the Philippines today?

The Philippines exhibits significant social stratification with disparities in wealth, education, and opportunities. The elite class holds concentrated power and wealth, while a large portion of the population lives in poverty. Factors such as colonial history, corruption, and economic policies have contributed to this stratification, leading to a significant gap between the rich and the poor in the country.


When used by sociologists the term wealth refers to?

The term wealth, when used by sociologists, refers to the total assets and resources (such as property, investments, or income) owned by an individual or a group. It is often used to analyze patterns of economic inequality and social stratification within societies.


What are the differences between inequality and stratification?

Social Inequality: Condition whereby people have unequal access to valued resources, services, and positions in society.Social Stratification: Inequality has been institutionalized, and there is a system of social relationships that determines who gets what, and why.


What are the 4 systems of stratification?

Slavery: The most extreme form of social stratification, based on the legal ownership of people. Caste: form of social stratification in which status is determined by ones family history and background and cannot be changed. Social Class: A system of stratification based on access to resources such as wealth, property, power and prestige


What is homogamy?

Homogamy means to marry someone similar, as when members of the same social class intermarry. It concentrate on social economic status and its to keep wealth in social stratification.