Running Head : WEALTHWealth[Writer s Name][Name of Institution]Wealth1 . The asa . incomeb . individualal propertyc . richesd powerBoth in economy and sociology , much(prenominal) terms as income and riches can jock to make up ones look socio-economic status and friendly position of a member of a certain social group . In particular , a psyche s incomes consist of ein truth(prenominal) salaries , wages , earnings from unlike investments and approximately different possible earnings of this person . At the aforementioned(prenominal) age , a person s wealth is a impression that defines altogether financial and other assets of this person minus all the debts and liabilities of this person (Answer C . It is possible to measure a person s wealth in real values or in nominal valuesIn addition , from sociological perspecti ve , the concepts of income and wealth help to cipher dimensions and tendencies of social inequality in a social group . Such models as income distribution and distribution of wealth ar used in modern sociology .
Distribution of wealth is a model of comparing the wealth of all members in a certain social group This model is very utile for measuring social inequality and analyzing social anatomical mental synthesis of a social group . For example , our society has sort of high level of income inequality in comparison with other developed countries of the world . The same can be babble about wealth inequality in modern U .S . societyReferencesSeverin , ! S (2003 . Introduction to Sociology , Chapter 11 Outline Kellogg Community College . Retrieved June 23 , 2008 , fromPAGEPAGE 2Wealth...If you want to get a full essay, order it on our website:
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