COMMERCE 4SA3 Chapter 3: chpt3-4sa3

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Values- abstract ideas about what a society believes to be good, right, and desirable: forms the bedrock of a culture. Society- a group of people who share a common set of values and norms. Group- shared sense of identity and who interact with each other in structured ways on the basis of a common set of expectations about each other"s behaviour. Karoshi- japanese term meaning to die from overwork. Social strata- hierarchical social categories often based on family background, occupation, and income. Social mobility- the extent to which individuals can move out of the social stratum into which they are born. Caste system- a system of social stratification in which social position is determined by the family into which a person is born, and change in that position is usually not possible during an individual"s lifetime. Class system- social status is determined by the family into which a person is born and by subsequent socioeconomic achievements.

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