Question

In: Operations Management

social class is said to be the economic status of individuals;explain with relevant examples five factors...

social class is said to be the economic status of individuals;explain with relevant examples five factors that cause social class problems

Solutions

Expert Solution

The social class in any economy is based on the income of a group compared to others in the same nation. Social stratification is done based on the economy of the people which makes the status of social class that the person is in. The Nation of the US has a distinct social class due to the inequality of income and assets for the people which is quite huge. Social stratification is a method by which societies categorize and rank members in a hierarchy in any economy like that it is in the US.

The problems that the class based on the social and economic performance of the economy and the examples of problems related to are:

· Health, the class-based health in the US is such that the person with money is guaranteed best of care while the poor one is not assured,

· Education, the class of social difference gives an idea of the chance of getting an education for the one with money can be as per their wish but for the poor, it may not extend beyond the Public school.

· Lifestyle, the socio-economic aspect which is varied due to the economy like having a home or being homeless in the US where the income and social class are so varied.

· Opportunities, the opportunity to peruse an idea is more with one with money which a poor won't date to chase due to the class they are in say in a court of law,

· Crime, the rate of crime among the poor is more which is a sign of desperation of the poor which turns violent and also pushes the poor towards drugs and crime.


Related Solutions

How is social class more than economic factors
How is social class more than economic factors
Explain in detail the importance of Political, Social, Economic and Cultural factors of a country. Explain...
Explain in detail the importance of Political, Social, Economic and Cultural factors of a country. Explain how Covid-19 have impacted these factors globally
1. Provide examples of social and economic factors that have increased the importance of personal financial...
1. Provide examples of social and economic factors that have increased the importance of personal financial planning today. 2. What is opportunity cost? 3. What are possible drawbacks associated with not considering opportunity cost when making decisions? 4.Describe risk that you might encounter when making financial decisions over the next few years?
Using relevant examples, explain the five leader styles described the Normative Model of Leadership as they...
Using relevant examples, explain the five leader styles described the Normative Model of Leadership as they relate to participation during the decision-making process.
What is the dynamic “capital” view of social class compared to the status view?
What is the dynamic “capital” view of social class compared to the status view?
Explain the outsourcing decision process in a manufacturing production based company with five (5) relevant examples.
Explain the outsourcing decision process in a manufacturing production based company with five (5) relevant examples.
Explain how diverse political, social, economic and cultural factors impact on work and the lives of...
Explain how diverse political, social, economic and cultural factors impact on work and the lives of people in society. (350–400 words)
What are externalities? Explain with relevant examples.
What are externalities? Explain with relevant examples.
To prepare: Consider the impact of socioeconomic status and social class on both positive and negative...
To prepare: Consider the impact of socioeconomic status and social class on both positive and negative child and adolescent development and language development. Think about possible long-term effects of socioeconomic status on language development. As you review the Learning Resources, think about how language development may differ between socioeconomic groups. Post by Day 4: Explain how socioeconomic factors affect the language development of children and adolescents. Explain how these factors further influence the development of child and adolescent linguistic identities....
Explain five factors that have contributed to the economic successes and failures of national economies over...
Explain five factors that have contributed to the economic successes and failures of national economies over time.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT