Discuss the Short-Term International Convergence Project

question 18

Essay

Discuss the Short-term International Convergence Project

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Definitions:

Elite Theory

A theory in sociology and political science arguing that a small minority of the population, the elite, holds the most power and that this power is independent of democratic elections.

Socioeconomic Groups

Categories of people sharing similar levels of wealth, education, and occupational prestige, influencing their lifestyles, behaviors, and opportunities.

Public Employee Unions

Labor organizations representing the interests of workers employed by government agencies, focusing on negotiation of wages, benefits, and working conditions.

Wages and Pensions

Wages and pensions are forms of compensation; wages are paid for employment, while pensions are long-term payments made after retirement as financial security.