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Caste System (ascribed stratification)
A relatively rigid stratification system in which people's positions are ascribed and fixed
Class System (achieved stratification)
A relatively open stratification system in which people's positions are achieved and changeable
The changing relationship between economic development and social inequality, named after its discoverer, Simon Kuznets
Power elite (+who?)
C Wright Mills. A small group of individuals who hold top positions in the federal government, military, and corporations and have similar backgrounds, values, and interests
The division of society in such a way that some people get more rewards than others
The condition in which the same individual is given two conflicting status rankings
Poverty: absolute vs. relative
Lack of minimum food and shelter necessary for maintaining life vs. a state of deprivation resulting from having less than what the majority of people have
Feminization of poverty
A huge number of women bearing the burden of poverty, mostly as single mothers or heads of families
A network of commercial and other relationships among all the members of the world's community
The world's upper class, the most industrialized and richest societies popularly known as industrialized or developed countries
The world's lower class, relatively poor societies popularly known as developing countries
The world's middle class, relatively affluent societies in the middle of global stratification also known as newly industrialized countries
The theory that cultural values of discipline, thrift, education, the family, and group orientation contribute to economic success
The theory that rich nations exploit poor ones for power and commercial gain, thereby perpetrating poverty, underdevelopment, or dependency on rich nations
The theory that contact with rich nations can enrich poor ones but lack of contact keeps them poor
The loss of numerous factory jobs as a result of relocating a massive number of manufacturing plants to peripheral countries
Downward mobility reasons
Rapid population growth, a huge drop in global commodity prices, and inadequate flow of capital from rich countries
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