« previous next »

Author Question: Describe the difference between income and wealth. Why is this distinction important in the study of ... (Read 26 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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Results of the study by Laruelle et al. (1996) Results of the study by Laruelle et al. (1996)
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Difference Between Solar and Sidereal Day Difference Between Solar and Sidereal Day
Study of human diseases Study of human diseases
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library