This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is it important to make the distinction between income and wealth? What will be an ideal ... (Read 24 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 2, 2018
Why is it important to make the distinction between income and wealth?
 
  What will be an ideal response?

Question 2

Which of the following statements about social theorists is chronologically accurate?
 
  a. Foucault wrote before Weber.
  b. Marx wrote before Bourdieu.
  c. Parsons wrote before Durkheim.
  d. Du Bois wrote before Marx.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 2, 2018
Answer to Question 1

Income refers to one's earnings over a specified period of time. Earnings from employment, investments (interest income), or even from underground activity all qualify as income. Wealth refers to the net value of assets and is a long-term measure of household resources. Wealth can include real estate and the value of savings and investments, not just the income they earn. Persons can have high levels of income but have very little wealth if their spending patterns prevent them from saving. Persons with modest incomes can have a significant amount of wealth if they invest wisely and save.

Answer to Question 2

b


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jul 2, 2018
:D TYSM

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
It is important to act concerned when a patient is upset. It is important to act concerned when a patient is upset.
Stand over a rocker base to make weight shifts. Stand over a rocker base to make weight shifts.
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Hydrolysis reactions for some biochemically important phosphate compounds (part 3) Hydrolysis reactions for some biochemically important phosphate compounds (part 3)
Video: Hormonal regulation of pregnancy - weeks 2 through 38

For a complete list of videos, visit our video library