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Social status is the relative level of social value a person is considered to possess. [1][2] Such social value includes respect, honor, assumed competence, and deference. [3] On one hand, social scientists view status as a "reward" for group members who treat others well and take initiative. [4] This is one explanation for its apparent cross ...
t. e. In welfare economics and social choice theory, a social welfare function —also called a social ordering, ranking, utility, or choice function —is a function that ranks a set of social states by their desirability. A social welfare function may yield several possible outcomes; each person's preferences are combined in some way to ...
Social class. A social class or social stratum is a grouping of people into a set of hierarchical social categories, [1] the most common being the working class, middle class, and upper class. Membership of a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social ...
Social equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services. Social equality requires the absence of legally enforced social class or caste boundaries and the ...
A Likert scale (/ ˈlɪkərt / LIK-ərt, [1][note 1]) is a psychometric scale named after its inventor, American social psychologist Rensis Likert, [2] which is commonly used in research questionnaires. It is the most widely used approach to scaling responses in survey research, such that the term (or more fully the Likert-type scale) is often ...
The Invesco S&P 500 Equal Weight ETF's unique difference. The S&P 500 index is constructed to be representative of the broader economy, with the roughly 500 stocks in the list selected by human ...
Definition and usage. "Social stratification" is a concept used in the social sciences to describe the relative social position of persons in a given social group, category, geographical region or other social unit. It derives from the Latin strātum (plural 'strata'; parallel, horizontal layers) referring to a given society's categorization of ...
Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family's access to economic resources and social position in relation to others. [1][2] When analyzing a family's SES, the household income and the education and occupations of its members are examined ...