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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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11h ago

Wealth and income are used as dimensions of social stratification because they reflect access to resources and opportunities. Those with higher wealth and income typically have greater social mobility, better access to education, healthcare, and social networks, and are able to maintain their status across generations. This makes them powerful indicators of an individual's position within the social hierarchy.

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Q: Why are wealth and income used as dimension of social stratification?
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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 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 ranking of people based on factors such as wealth gender and occupation is referred to as?

social stratification.


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.


What has the author Wiemer Salverda written?

Wiemer Salverda has written: 'The Oxford handbook of economic inequality' -- subject(s): Social stratification, Wealth, Income distribution 'Youth unemployment' -- subject(s): Youth, Unemployed, Employment, Unemployment


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.


Closed system of stratification?

A closed system of stratification is one in which your social status is decided by birth right as apposed to personal accomplisments. In this type of system, it does not matter how much wealth or knowledge you attain, but who your decendants are.


What is racial stratification?

Racial stratification is a very specific form of social stratification. Social stratification is dividing groups in society by basing each on there inequalities (access to materials or symbolic rewards) and also ranking them according to class (based on wealth and power). So, this means that by stratifying a race would mean to rank them based on the race's social/economic impact and their class.


What can or should be done to eliminate global stratification and the culture of poverty?

There are so many things that can or should be done to eliminate global stratification and the culture of poverty. The most important thing is to try and distribute wealth and resources to equally to all locations and create more opportunities for generating income.


How do status stratification help in understanding social structure?

For centuries, sociologists have analyzed social stratification, its root causes, and its effects on society. Theorists Karl Marx and Max Weber disagreed about the nature of class, in particular. Other sociologists applied traditional frameworks to stratification.


What are the social class determinants?

income wealth status power these are the some determinants of social class. (syed ahtisham hussain b.s english)


What are three primary variables of determining social class?

Three primary variables of determining social class are income level, occupation, and education level. These factors are commonly used to classify individuals into different socioeconomic categories based on their economic status and social standing in society.