Question

Much has been said about social stratification. Describe how the three major classes are able to interact with one another as to contribute to the dynamic outcome of the economy that is Capitalism. What overall results do such interactions yield? What is the underlying theme in the outcome of this interaction?

Answer 1

The three major classes in a society are the upper class, middle class and the lower class. These three asses interact with each other to contribute to the dynamic outcome of the economy which is capitalism. The upper class people are mainly the entrepreneurs with a greater amount of assets. They invest their assets and earn money from it. These entrepreneurs make the middle class and lower class people work as labourers. The middle class people are mainly the working class, who works under the firms built by the upper class people. In this muddle class there are two types of laborers, one is the blue collated workers, who are the carpenter, plumber, etc who are basically known as working g poor. Then there are white collar workers who are skilled workers, and earn more than the blue collar workers. Then there comes the lower class workers, who are mainly unemployed or homeless people. Unemployment people are important in a capitalist economy. This is because if everyone becomes employed, then all the labourers will demand higher wages, and the firms have Jo choice but to increase because they don't have any alternate worker available in the economy. This is why every class is important in the formation of a capitalist economy.

The overall results yields a capitalist economy.

The underlying theme in the outcome of this interaction us every individual works for the benefit of themselves. This is how a society works.