[SOC 103] - Final Exam Guide - Everything you need to know! (32 pages long)
Document Summary
Power the ability to achieve one"s goals despite opposition. Status a position within a social structure; usually ranked: socioeconomic status a measure of status based on occupation, income and education. Class one"s relation to the means of production. Of the two, wealth inequality is greater and has more impact on a person"s power and status. Lico low income cut-off, determines a threshold below which a household must spend a disproportionate share of its income on basic necessities. Lim low income measure, poverty line = half the median income in canada. Mbm market basket measure, income too low to buy a defined list of basic life necessities. People between the ages of 45 and 64 and not in families. Lack of recreation: not being able to go to mcdonald"s or the movies. Stress at home: hearing mom and dad fight about money. Social exclusion: not going to birthday parties, not having friends over.
