Social Stratification is a concept involving the classification of people into groups based on shared socio-economic condition, a relational set of inequalities with economic lead to greater status, power in privilege for some groups over the other, it is called Social stratification." How do wealth and income cause stratification in society? Unequal Distribution of Resources: Income: Income refers to the money received through wages, salaries, or investments. Disparities in income mean that some individuals and groups have significantly more financial resources than others. This unequal distribution affects access to essential goods and services, such as housing, healthcare, education, and nutritious food. Wealth: Wealth encompasses the total value of assets, including property, investments, and savings. Wealth is often inherited, which can perpetuate inequality across generations. Those with greater wealth have increased opportunities for investment, fu...
Social Stratification is a concept involving the classification of people into groups based on shared socio-economic condition, a relational set of inequalities with economic lead to greater status, power in privilege for some groups over the other, it is called Social stratification." How do wealth and income cause stratification in society? Unequal Distribution of Resources: Income: Income refers to the money received through wages, salaries, or investments. Disparities in income mean that some individuals and groups have significantly more financial resources than others. This unequal distribution affects access to essential goods and services, such as housing, healthcare, education, and nutritious food. Wealth: Wealth encompasses the total value of assets, including property, investments, and savings. Wealth is often inherited, which can perpetuate inequality across generations. Those with greater wealth have increased opportunities for investment, fu...