A process of ranking individuals based on their wealth
A theory that argues that social stratification is necessary for a society to function efficiently
Open systems allow for social mobility, while closed systems do not
Inequality of condition refers to differences in income and wealth, while inequality of opportunity refers to differences in opportunities for success
A group of people who share a similar social and economic position in society
Education, occupation, and income
The change in social class between generations
Higher socioeconomic status is associated with better health outcomes
The ability to move up or down in social class
Social stratification can lead to social inequalities and tensions