What Is It?
Social Stratification is a system by which society categorizes people, and ranks them in this.
This principle of social stratification means that it changes as it is very complex and depends on many factors.
Variable / It varys
A system in which social mobility is based on personal merit and individual talents.
Meritocracy
In a closed system of stratification social position is typically:
Ascribed (Inherited / determined by birth)
At this level of wealth, one does not have access to basic necessities like clean water, food, or shelter.
Extreme poverty
This principle of stratification means that it happens everywhere.
Universal
True or False: Social stratification depends on personal choices and personal characteristics.
False
Modern Britain is a good illustration of a ______ system of stratification. It still maintains a limited caste system of nobility as a legacy of the feudal system of estates, which survives alongside, and helps reinforce, a class system similar to what we have in the U.S.
Mixed
A situation where a person's social position has both negative and positive influences on their social status.
Status Inconsistency
At this level of wealth, one has a stable job and enough wiggle room for a fancy meal once in a while.
Lower Middle Class
Being able to change one's position in social stratification is called this.
Social Mobility / Mobility
This is the changing of positions in social stratification, but the change does not move one up or down in social status?
Horizontal Mobility
This is sited in the presentation as one of the main sources of wealth in America?
Homeownership
This is widespread respect and admiration based on achievements or quality.
Prestige
At this level of wealth, one has just enough money for the basics and nothing for higher quality or level of those basics and no extras. At times one may have to choose which bill to be late on.
Poverty
This is when a large number of people move around the social hierarchy because of larger societal changes. For example: When a recession hits, and thousands of people lose their jobs and are suddenly downwardly mobile, that's structural mobility.
Structural Mobility
This type of social stratification system tends to be extremely rigid and allow for little social mobility. In these systems, social position is based on ascribed status, or the social position you inherit at birth.
Closed System
What is the categorizing people based on their income, education, and occupational prestige called?
Socioeconomic Status
Not every society is strictly a caste system or a class system. Really, there's two poles on a spectrum which is referred to as this.
Mixed Caste System
At this level of wealth, one has enough money to live comfortably and can afford to do so while enjoying the finer things in life. They are not rolling in money but can meet all their needs, enjoy luxuries while having financial security.
Affluent
In this type of social stratification system it is possible to move up and down in the hierarchy. Usually this is due to achievement.
Open System (of Stratification)
This is a real world example of a closed system of stratification.
(India's) Caste System
Because it's easy to ignore the structural factors that influence class standing, meritocracy can be used as a justification/explanation for this.
Inequality
Ex: Since there is a meritocracy system in the US it is easy to blame an individual's personal choices and traits for their class standing, instead of factoring in the structural factors like access to opportunities and unlevel playing field. (Racing for 100$ example)
Give 2 of the 3 factors that determine socioeconomic status.
Income, education, occupational prestige.
At this level of wealth, one will never be able to spend all of their money. They mostly manage complex financial situations and invest in other businesses such as venture capital.
Billionaires