SOCI 101 Chapter 10.1-10.5: SOCI101 Ch 10.1-10.5 Textbook Notes
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10. 1 what is social class: social class a large group of people who rank closely to one another in property, power, and prestige. Property buildings, land, animals, machinery, cars, stocks, furniture, etc. Wealth add up (cid:448)alue of so(cid:373)eo(cid:374)e"s property a(cid:374)d su(cid:271)tra(cid:272)t perso(cid:374)"s debts. Many sources (wages, business: rent, allowance, etc. Ex. farmer is wealthy in land but may have a bad harvest and little income. 1% of american population owns 1/3 real estate, most of wealth. Top 20% of population receive half of income in us. Average ceo gets million/year: power. (cid:862)de(cid:373)o(cid:272)rati(cid:272) fa ade(cid:863) (cid:272)o(cid:374)(cid:272)eals real sour(cid:272)e of po(cid:449)er i(cid:374) the u. C. wright mills: power the ability to get your way despite resistance. Concentrated in a few hands: power elite those who make the big decisions in u. s. society. William domhoff: power elite is so powerful the u. s. government makes no decision without its approval, prestige.
