Examlex
In a marketing cost analysis:
Social Stratification
The hierarchical arrangement of individuals or groups in society based on wealth, power, race, education, etc., which affects their access to resources and opportunities.
Caste
A form of social stratification characterized by hereditary status, endogamy, and social barriers sanctioned by custom or law.
Meritocracy
A system in which advancement and rewards are allocated based on individual abilities and merits rather than on the basis of social status, wealth, or other external factors.
American Dream
The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone.
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