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9 Cards in this Set
- Front
- Back
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Income Patterns
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It pays to go to school
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Discretionary Income Spending
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Money spent on luxury items, vacations, non-essential goods and services
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Trickle Down Effect
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Belief that additional wealth gained by richest people in society will have good economic effect on everyone
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Pleasure Principle
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Instinctive drive to seek pleasure and avoid pain; individuality
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Social Class
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Universal pecking order
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Social Stratification
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Trait of society, not a reflection of individual differences (class structures, social mobility)
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Components of Social Class
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Occupational prestige, income, relationship between income+social class
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Hollingshead Index of Social Position
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Two factors of occupation and education; (OS x 7)+(E x 4)
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Warner's Index of Status Characteristics
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Four factors of occupation, source of income, house type, dwelling; (O x 4)+(IS x 3)+(HT x 3)+(D x 2)
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