Essay Inequalities of Wealth and Power

Inequalities of Wealth and Power

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Economics
This paper delves into those attributes of a society that define our stations in life. The author points out that society is cut up into divisions created by wealth and/or social class.

This paper delves into those attributes of a society that define our stations in life. The author points out that society is cut up into divisions created by wealth and/or social class. The divisions create stratifications, or inequalities.
“In all societies there will always be differences in wealth and power among people. These people can be divided into groups based on these differences. This division is called stratification, and because of this, different members of the groups of people will have access to different resources and opportunities. These groups are arranged in what is called a hierarchy, in which one or sometimes several of these groups considers themselves better than the other groups (Hunt and Colander 211). This is important to the society because some roles can only be played by a certain type of class member. Two of the most common ways people are divided into stratifications are by their economic class or their social class.”

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