SOC 203 Chapter Notes - Chapter 2: United Nations Development Programme, Social Inequality, Poverty Threshold
15 Jul 2016
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Document Summary
Economic inequality refers to income and wealth differences across individuals and groups, as well as the differences in the economic power of nations. Richard edwards contested terrains when the classes meet in workplaces bosses and workers struggle for control, devising first one strategy and then another to overcome opposition. Intergenerational income elasticity the correlation between a parent"s and a child"s income: higher the intergenerational income elasticity, the less likely it is for people to become socially mobile within a society. People who live in poverty have much less than the average standard of living. Absolute poverty do not have enough of the basic requirements food, shelter, and access to essential health care for physical survival. (starvation and malnutrition examples of absolute poverty) Relative poverty can survive, but their living standards are far below the general living standards of the society or social group to which they belong.
