ANP 1106 Lecture Notes - Lecture 4: Social Stratification, Economic Inequality, Reward System

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Refers to categories of people who share a similar economic position in society based on a combination of their. Refers to structured forms of economic inequalities that are part of the organization of everyday life; these inequalities in uence life chances. Life chances (i. e. , opportunities to achieve economic success and gain economic power) vary from one social class to another in the social strati cation system. Is a hierarchical ranking and reward system in which an individual"s demonstrated performances determined where s/he will be situated i"m in the existing hierarchy (pg. In simpler terms, it is a merit based system that rewards individuals for their achievements within the system. Means each person has the same opportunity to participate; it must be equally available for everyone. Means that everyone participates under the same conditions. Showing up to the race doesn"t mean people are competing fairly, based on access to coaching, training facilities, nutrition, etc.

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