Examlex
Even with the use of money, exchange and trade cannot occur if there is no coincidence of wants.
Class Backgrounds
The social and economic conditions into which individuals are born, influencing their opportunities, attitudes, and behaviors.
Social Class
A division of society based on social and economic status, influencing an individual’s opportunities, lifestyle, and attitudes.
Profound Effect
A significant or deep impact that greatly influences or changes an individual, society, or situation.
Status Inconsistency
A situation where an individual’s social positions have both high and low ranks; for example, being high in educational attainment but low in income.
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