Is It Enough That Most People Think They Are Middle

question 33

Essay

Is it enough that most people think they are middle class? What are the consequences of believing you are in one class, when realistically, you are in another? Discuss in detail.

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Definitions:

Return on Investment

A financial metric that measures the profitability of an investment by dividing the gain from the investment by its cost.

Productivity

A measure of efficiency that quantifies the amount of goods and services produced per unit of labor, capital, or other resources.

Strategic HRM

Interrelated philosophies, policies, and practices that facilitate the attainment of organizational strategy.

Organizational Survival

The ability of an organization to continue to operate and remain viable over time, often amidst competition and changing market conditions.