« previous next »

Author Question: Describe the difference between income and wealth. Why is this distinction important in the study of ... (Read 61 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?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Eugène Delacroix, Study for The Death of Sardanapalus. Eugène Delacroix, Study for The Death of Sardanapalus.
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Structures of other important isoprenoids Structures of other important isoprenoids
Heartfelt Forgiveness Study Heartfelt Forgiveness Study
Study egocentrism in children Study egocentrism in children
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library