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12 Cards in this Set
- Front
- Back
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Tent Cities |
Large collectionof tents, typically one forming temporary or makeshift accommodations for refugees or the homeless (the working poor- people that although working can not afford to live residentially. |
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Income vs Wealth |
.Wealth is the net worth of a person, the total value of his assets minus his liabilities while income is the amount of money that a person received in return for his services, sale of goods, or profit from investments. 2.Wealth takes a huge amount of time to acquire while income is earned immediately. |
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Absolute Poverty |
Absolute poverty refers to a set standard that is the same in all countries, which does not change over time ex. person lives off of 5$ a day.
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Relative Poverty |
refers to a set standard that is the same in all countries which do not change over time- lives off $5 dollars a day |
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Causes of Inequality- Social Stratification |
refers to the way in which society in organized in layers of strata statisticians refer to this a quintiles |
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Factors of Economic Sucess |
1. degree of natural talent 2. degree of effort 3. level of education |
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Forms of Capital |
HUMAN, CULTURAL, SOCIAL |
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QUESTIONS TO POSE |
1. Is inequality natural or useful 2. Is it something that is part of a group of people 3. Is inequality socially constructed? |
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"Inequality is inevitable" |
are open societies where opportunities are plentiful individual talents and motivations are the driving force behind success. |
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"Inequality is NOT inevitable" |
Inequality is a by-product of a system structure not the result of major differences in individual or group talents. |
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"Inequality is desirable" |
some belief that inequality is a source of integration in society Inequality in the distribution of rewards is one way to make sure that specific and critical occupations are filled by the most qualified individuals. |
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"Inequality is not desirable" |
economic and other kinds of inequality create divisiveness between the haves and have-nots between men and woman, between majority and minority rights |
