| Question | Answer |
|---|---|
| the money a person earns from work or investments | income |
| a socioeconomic system that divides society’s members into categories ranking from high to low, based on things like wealth, power, and prestige. Also called inequality. | social stratification |
| an individual’s level of wealth, power, and prestige | socioeconomic status (SES) |
| the value of money and assets a person has from, for example, inheritance or salary. | wealth |
The content of this course has been taken from the free Sociology textbook by Openstax