« previous next »

Author Question: Describe the difference between income and wealth. Why is this distinction important in the study of ... (Read 50 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jul 1, 2018
Describe the difference between income and wealth. Why is this distinction important in the study of social stratification?
 
  What will be an ideal response?

Question 2

____ refers to the annual increase or decrease per 1,000 members of the population as a result of people leaving and entering the geographic area.
 
  a. Population distribution ratio
  b. Net migration rate
  c. Gross migration rate
  d. Gross morbidity rate
  e. Demographic transition rate


chevyboi1976

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

Income is the amount of money received within a given time period by an individual or group. Wealth is the total of all economic resources owned by an individual or group. The distinction is that income is a measure of current monetary inflows, while wealth includes the accumulation of all previous savings. It is theoretically possible for someone to have vast amounts of wealth without any income; conversely, a person can have high income, yet have no wealth. These concepts are important to the study of social stratification because they both contribute to differences in social classes.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

A recent study found that female baboons that groom each other are more likely to come to each other A recent study found that female baboons that groom each other are more likely to come to each other
The difference between mieosis and mitoses The difference between mieosis and mitoses
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Washing hands and removing jewelry are two important safety habits all service technicians ... Washing hands and removing jewelry are two important safety habits all service technicians ...
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Study Duddy 1 Study Duddy 1
Video: Gas exchange - driving force

For a complete list of videos, visit our video library