Global stratification categorizes countries based on their political, economic, and social contexts, often using terms like 'First World' and 'Third World'. These terms can oversimplify the complexities of global economics, leading to misconceptions about ________.

Global stratification divides countries into groups based on their wealth, power, and social conditions. Terms like "First World" and "Third World" suggest a clear divide, but they can oversimplify the realities of each country's situation. For example, a country labeled as "Third World" might have a growing economy and a rich culture, while a "First World" country may face significant social issues like poverty or inequality. This simplification can lead to misunderstandings, causing people to overlook the unique challenges and strengths of each country. Understanding global stratification requires looking beyond these labels to see the full picture of each nation's circumstances.