Examlex
Two persons with equal average propensities to consume will not necessarily have equal standards of living because of differences in income.
Norms
Shared expectations or rules within a culture or society that guide and constrain behavior, establishing standards of conduct.
Stratification
The hierarchical arrangement of individuals or groups in a society based on wealth, power, status, or other criteria that leads to unequal access to resources and opportunities.
United States
A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for being a leading world economic and military power.
Upper Class
The segment of society that possesses the highest level of wealth, social status, and influence.
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