Sociology 1025A/B Chapter Notes - Chapter 5: Social Reproduction, Gross Domestic Product, Social Inequality

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Document Summary

Social stratification socially sanctioned patterns (or classes) of social inequality that exist in society &that are based on distinguishable attributes such as race, age, gender, income, or occupation. Most extreme example of the lowest possible position in a closed system of stratification. Caste system a hierarchical system of stratification based on inherited social standing o. Closed system that rank groups based on inherited &relatively permanent social standing. Social class shared membership in a group based on economic standing. Social mobility movement that occurs within &between social classes in a stratification system. Intragenerational mobility changes in social class that occur within a person"s lifetime. Socioeconomic status social standing based on a combined measure of education, income. Intergenerational mobility changes in the social class of children relative to their parents. Financial wealth corresponds to economic assets derived from income, real estate, savings, stocks, bonds, income-generating investments &other sources of revenue or capital.

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