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Socioeconomic status has long been related to health, those higher in the social hierarchy typically enjoy better health than those below. [23] Socioeconomic status is an important source of health inequity, as there is a very robust positive correlation between socioeconomic status and health. This correlation suggests that it is not only the ...
For example, a teacher may have a positive societal image (respect, prestige) which increases their status but may earn little money, which simultaneously decreases their status. In task-focused interpersonal encounters, people unconsciously combine this information to develop impressions of their own and others' relative rank. [ 20 ]
Socio-economic statistics (10 P) Pages in category "Socioeconomics" The following 18 pages are in this category, out of 18 total. This list may not reflect recent ...
The definition of Social Economy used by the Chantier de l'économie sociale in Quebec follows: The Social Economy is made up of association-based economic activities founded on values of: Service to members or the community rather than only generating profits and seeking financial returns; Autonomous management (not government controlled);
Percentages of a country's economy made up by different sectors. Countries with higher levels of socio-economic development tend to have proportionally less of their economies operating in the primary and secondary sectors and more emphasis on the tertiary sector. The less developed countries exhibit the inverse pattern.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Those two classes are defined as the owners of the means of production and those who sell their labour to the owners of the means of production. In capitalistic societies, the two classifications represent the opposing social interests of its members, capital gain for the capitalists and good wages for the labourers, creating social conflict.
Economic development has existed even at a basic level since the earliest recorded communities. However, in the US and several other countries, the concept of community economic development emerged "in response to tenacious poverty and the need for affordable housing, good jobs, affordable health care and quality of life matters needed for human existence."