Examlex
__________ market transactions result in an actual physical exchange of a commodity.
Max Weber
was a German sociologist, philosopher, and political economist whose ideas profoundly influenced social theory and social research.
Stratification
The structuring of inequalities within a society, often based on class, race, gender, or other socio-economic indicators, that places individuals and groups into different tiers of advantage or disadvantage.
Social Mobility
The ability for individuals or groups to move within a social hierarchy, which can be upward or downward, and is influenced by factors like education, income, and social connections.
2008 Recession
A severe global economic downturn that began in 2008, triggered by the collapse of the U.S. housing market and resulting in significant financial crisis, unemployment, and loss of wealth worldwide.
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