SOC 3391 Lecture Notes - Medicalization, Child Support, Cultural Capital

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Human capital: is the sum of useful skills and knowledge that an individual possesses. Social capital: refers to the networks or connections that individuals possess. Cultural capital: is the stock of learning and skills that increases the chance of securing a superior job. Low-income cutoff: is statistic canada"s term for the income threshold below which a family devotes a larger share of its income to the necessities of food, shelter, and clothing than an average family would, likely resulting in straitened circumstances. Global inequality: refers to differences in the economic ranking of countries. Cross-national variations in internal stratification: are differences among countries in their stratification systems. The gini index: is a measure of income inequality. Its value ranges from zero (which means that every household earns exactly the same amount of money) to one (which means that all income is earned by a single household) Social stratification: refers to the way in which society is organized in layers or strata.

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