Examlex
If a decrease in income increases the demand for a good, what is the good called?
Working Class
A social group comprising individuals in manual-labor occupations or industrial work, often associated with lower socioeconomic status.
Occupational Prestige
The subjective evaluation people give to jobs as better or worse than others.
Subjective Evaluations
Assessments based on personal opinions, feelings, or tastes, rather than objective measurements.
Socioeconomic Status
A measure of class standing, typically indicated by income, occupational prestige, and educational attainment.
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