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Intergenerational Mobility
The comparison of adult children’s social class to that of their parents.
Increasingly Wealthy
Describes individuals or societies that are growing in wealth over time, typically due to economic growth, investments, and accumulation of assets.
Marx
Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist whose works form the basis of Marxist theory.
Capitalism
An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.
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