A Stratification System That Implies That the Position of Each

question 66

Multiple Choice

A stratification system that implies that the position of each individual is influenced by the person's achieved status is referred to as a(n)

• A)open stratification system.
• B)closed stratification system.
• C)egalitarian class system.
• D)fractured class system.

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Definitions:

Price Capital

The cost of acquiring assets used for production, such as machinery or buildings, often referred to as investment in capital goods.

Employment Decline

A reduction in the number of employed individuals within a specific job market, sector, or economy over a certain period.

Occupations

Various types of jobs or professions in which individuals engage to earn a living.

Economic Principle

A widely accepted generalization about the economic behavior of individuals or institutions.