Examlex
Which one of the following statements is accurate?
Capitalist Societies
Societies characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.
Class Status
An individual's or group’s position within a hierarchical social structure influenced by factors like wealth, occupation, education, and lineage.
Status Inconsistency
A situation in which an individual holds differing and contradictory levels of status in terms of wealth, power, prestige, or other elements of socioeconomic status.
Prestige
The respect, admiration, or high regard accorded to an individual, occupation, or organization based on perceived successes, achievements, or status.
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