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In analyzing the elderly as a minority,one crucial difference between older people and other subordinate groups is that
Human Capital Theory
An economic perspective that regards individuals' skills, knowledge, and experience as valuable resources that enhance productivity.
Economic System
The organized way a society allocates resources, produces goods and services, and distributes wealth among its members.
Wage Differences
The disparities in income received by individuals for their labor, often influenced by factors like occupation, education, experience, and gender.
Functionalist Theory
A theoretical perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.
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