ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Occupation is the single factor that best indicates social class. Social Classes Social class can be defined as a hierarchy in which the people are divided in different classes or groups on the basis of social status, esteem and prestige.

Detailed explanation-2: -Most sociologists define social class as a grouping based on similar social factors like wealth, income, education, and occupation. These factors affect how much power and prestige a person has. Social stratification reflects an unequal distribution of resources.

Detailed explanation-3: -The correct answer is Customer satisfaction.

Detailed explanation-4: -Gallup has, for a number of years, asked Americans to place themselves–without any guidance–into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.

Detailed explanation-5: -A social class is a grouping of people into a set of hierarchical social categories, the most common being the upper, middle and lower classes. Membership in a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network.