SOCI 201 Lecture Notes - Lecture 11: Nipissing University, Nancy Reagan, Sociological Perspectives

• School: University of Calgary
• Department: Sociology
• Course: SOCI 201
• Professor: Stephen Fred Dumas

Document Summary

This may not be surprising given the distribution of income and wealth in canada as well as the existence of child poverty. Objectives: after this class, students will be able to: Define and differentiate between absolute and relative poverty. Understand the consequences of relative poverty in canada. Identify social groups at the highest risk of being impoverished. Outline the major sociological perspectives on social class. Income refers to the economic gain attained by wages, salaries and income transfers from the government. By contrast, wealth refers to accumulated assets of goods such as buildings, land, farms, houses, factories etc. A person"s net worth is the difference between all debts and assets. Organization for economic co- operation and development (oecd) ranks canada 17th out of 23 rich nations in regards to child poverty. There are roughly 1 million children living in poverty. Approximately 1/2 of all first nations children and 1/6 of all other children are considered relatively impoverished.