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The rural SEC grid, which uses education and type of house (pucca, semi-pucca, and kaccha) as measures of socio-economic class, and segments rural India into 4 groups (R1, R2, R3, R4) This is based on the assumption that higher education leads to higher income thus higher consuming potential. But that this may not always be true.
The NS-SEC is a nested classification. It has 14 operational categories, with some sub-categories, and is commonly used in eight-class, five-class, and three-class versions. [5] Only the three-category version is intended to represent any form of hierarchy. The version intended for most users (the analytic version) has eight classes:
Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
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 network.
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
The Census 2011 recorded 11.65 lakh rural houseless people, while in SECC their numbers were only 6.1 lakh. The provisional rural data of SECC 2011 shows Scheduled Castes at 18.46% (or 15.88 crore), Scheduled Tribes at 10.97% (9.27 crore), Others at 68.52%, and 2.04% (or 36.57 lakh) as “No Caste & Tribe” households.
[2] [5] However, SES is more commonly used to depict an economic difference in society as a whole. [6] Socioeconomic status is typically broken into three levels (high, middle, and low) to describe the three places a family or an individual may fall into. When placing a family or individual into one of these categories, any or all of the three ...
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