WORLD HISTORY

Detailed explanation-1: -social class, also called class, a group of people within a society who possess the same socioeconomic status. Besides being important in social theory, the concept of class as a collection of individuals sharing similar economic circumstances has been widely used in censuses and in studies of social mobility.

Detailed explanation-2: -Social Class refers to divisions in society based on economic and social status. People in the same social class typically share a similar level of wealth, educational achievement, type of job and income.

Detailed explanation-3: -Individuals who are grouped in the same social class share the same wealth, education, and income. This is considered the economic model of social class, as it bases a person’s status in society on their economic position.

Detailed explanation-4: -A simple socioeconomic class definition is the social class that a person belongs to because of their economic position in society. Different societies have constructed social classes in a variety of ways, though wealth is almost always a factor. However, familial lineage can also be a factor in some societies.

Detailed explanation-5: -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.