Overview
Understanding the upper and middle classes is crucial for grasping the complexities of social structures. The upper class, with its wealth and influence, often shapes societal norms and policies, while the middle class plays a vital role in economic stability and growth. Both classes face unique cha...
Key Terms
Example: Many upper-class individuals own multiple properties and businesses.
Example: Teachers and healthcare workers often belong to the middle class.
Example: A person moving from a lower-income job to a higher-paying profession demonstrates upward mobility.
Example: In many countries, wealth distribution is highly unequal.
Example: Income inequality can lead to social unrest.
Example: Tax cuts for the wealthy are an example of economic policy.