Chapter 8 Notes

30 views7 pages
6 Apr 2011
School
Department
Course

For unlimited access to Textbook Notes, a Class+ subscription is required.

Final Review
Chapter 8: Social Stratification
Materialism: the attempt to satisfy needs by buying products or experiences.
Quintile: Lowest Quintile Second Quintile Third Quintile Fourth Quintile Highest
Quintile
Human Capital: is the sum of useful skills and knowledge than an individual posseses.
Human Capital Theory stresses the increasing centrality of education as a factor affecting
economic success.
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.
Natural Talent --------- Rewards
Natural Talent + Effort --------- Rewards
Natural Talent + Effort + Skill-rich environments + Developed Skills --------- Rewards
1
www.notesolution.com
Unlock document

This preview shows pages 1-2 of the document.
Unlock all 7 pages and 3 million more documents.

Already have an account? Log in
Final Review
Natural Talent + Effort + Skill-rich environments + Developed Skills + Social and Cultural
Capital --------- Rewards
Low Income Cutoff: is Statistic Canadas term for the income threshold below which a family
devotes a larger share of its income to the necessities of food, shelter, and clothing then an
average family would, likely resulting in strained circumstances.
Myth 1: People are poor because they dont want to work.
Myth 2: The overwhelming majority of poor people are immigrants.
Myth 3: The welfare rolls are crammed with young people who ought to be earning a living.
Myth 4: Most poor people are trapped in poverty.
Explaining Poverty:
Individual attributes (physical/mental disabilities) have a higher risk of living in
poverty.
Attitudes of individuals; not on attributes inherited, but on attributes or stigmas that
are acquired (“blaming the victim, bad attitudes).
2
www.notesolution.com
Unlock document

This preview shows pages 1-2 of the document.
Unlock all 7 pages and 3 million more documents.

Already have an account? Log in

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
1 Booster Class
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
1 Booster Class