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MATCHING
-William T. Sherman
Income
Income is the financial gain or money received by an individual or household from work, investments, or other sources, often measured over a specific period of time.
Wealth
An abundance of valuable resources or material possessions, or the control over such assets.
Social Inequality
The existence of unequal opportunities and rewards for different social positions or statuses within a group or society, often based on race, gender, wealth, or other factors.
Ascribed Statuses
Social positions individuals are born into, such as family background, race, and gender, which are involuntary and not achieved by personal effort or merit.
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