Examlex
If a student leaves a book bag in class by accident and the professor takes possession to safeguard the bag,an implied bailment has been formed.
Income Inequality
The unequal distribution of income within a population, leading to disparities in wealth and living standards.
Wealthy Country
A nation characterized by a high standard of living and a strong economic system, usually measured by gross domestic product (GDP) per capita.
Social Mobility
The movement of individuals, families, or groups through a system of social hierarchy or stratification, which can be either upward or downward in nature.
Meritocratic Mobility
The movement of individuals within or between social strata in a society based on their abilities, talents, and merits rather than on class privilege or wealthy heritage.
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