Examlex
If lower-class students fail at school, they will not be able to attain their goal of middle-class status.This is known as status frustration.
Efficient Market
A financial market theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the average market return.
Cogito Ergo Sum
A philosophical statement by René Descartes, which translates to "I think, therefore I am," used to demonstrate the existence of the self and consciousness.
Carpe Diem
A Latin aphorism usually translated as "seize the day," encouraging individuals to make the most of the present moment without concern for the future.
Redistribution Of Income
The transfer of income from certain individuals or groups to others through mechanisms such as taxation, welfare, and government policies.
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