socioeconomic status (ses) is a combination of
socioeconomic status (ses) is a combination of socioeconomic status (ses) is a combination of socioeconomic status (ses) is a combination of
intro to sociology 221­ professor erin rider chapter 8 notes: social class  poverty line­ indicator as to how much is needed to live; set at about  $23,000  urban under class­ at the very bottom of the class order  conspicuous consumption­ how we use our money to showcase status  culture of poverty­ looks at the poor and says “they must lack work ethic”;  blames the poor for the circumstances they’re in  social location­ place that we are categorized into, social identity; your ascribed  identities  ameritocracy­ belief in individual drive and doing what’s necessary to succeed;  life chances are often ascribed (what you’re born into)  social mobility­ goes upward and
An increase in the level of production of goods and services (national income) of a country over a certain period of time is referred to as economic growth. Higher level of investment in education sector would lead to higher proportion of educated people working with higher participation in economic activities and, therefore, would lead to higher economic growth. The following are the various ways in which investment in education stimulates economic growth: 

**(i) Imparts Quality Skills and Knowledge**: Education endows people with quality skills and, thereby, enhances their productivity. Consequently, it enhances the income earning capacities of and opportunities for the people. Moreover, it also enables the human capital to utilize the available physical capital optimally. 

**(ii) Develops Mental Abilities**: Education develops the mental abilities of people and helps them to make their choice rationally and intellectually. Education churns out good citizens by inculcating values in them.  

**(iii) Acceptability of Modernization**: An educated public of a nation has greater acceptability of modernization and modern techniques. This not only helps the economy to grow but also facilitates a primitive economy to break the shackles of tradition and backwardness.  

**(iv) Eradicates Skewed Income Distribution**: Education not only increases the income  earning capacity but also reduces the skewed distribution of income, thereby, forms an egalitarian society.  

**(v) Raises Standard and Quality of Living**: Education enhances the income earning capacity of the people, thereby; it raises the standard of living and also improves the quality of living.  

**(vi) Increases the Participation Rate**: It fosters economic development by increasing the participation of people in the process of growth and development.  

**(vii) One Solution for Other Economic** **Problems**: The importance of education is not only limited to making people educated But also in facilitating an underdeveloped economy to solve different but interrelated macro economic problems like poverty, income inequality, population, investments, under utilization of resources. (i) caste is primarily a social institution whereas class is an economic institution. eg. malhotra, bhandari, mukharjee are castes while industrial workers, agricultural workers denote the class including lower class, upper middle class, upper class.


(ii) caste represents social differentiation while the class represents social status and economic differentiations.


(iii) both of them result in social and economic inequality and therefore, systems of stratification. the sensex is related with the value of a few selected companies. the number of companies it comprises of is \_\_\_\_\_\_\_\_. intersecting lines – two lines are intersecting if they have a common point. the common point is called point of intersection. The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-6991.pdf The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-9189.pdf aggregate supply indicates the total amount of goods and services produced within an economy at a given the general (or overall) price level during an accounting period. `as = f(barn,barl,bark,bart)` where,as = aggregate supplyn = natural resourcesl = labourk = stock of capitalt = state of technologynatural resources: natural resources include the gifts of nature such as fertile land, weather conditions, adequate rainfall, flora and fauna, perennial rivers etc. the abundant availability of all these factors act in favour of production. the aggregate supply of a country bestowed with these natural resources will be higher and vice-versa.labour: availability of skilled and motivated labour is another determinant of supply. the supply in an economy with abundance of skilled labour will be high and vice-versa.capital: capital is essential in the production process. capital helps in acquiring raw materials, equipments, plant and machinery, buildings etc. which are essential for increasing the production. greater the stock of capital, greater would be the level of output and production. state of technology: the state of technology in an economy decides the level of supply. advanced technology helps in improving the production efficiency in a a country. with better and advanced technology production can be increased while reducing the cost of production. this in turn positively affects the supply. thus, the availability of modern and advanced technology helps in increasing the supply. its relatively price inelastic because, its almost a necessity, and by definition, necessities are said to be price inelastic. @arene 
sure. "eso" is a demonstrative pronoun. it indicates something that is near the person the person to whom is been talking to. 
in other words, eso means (in most cases) "that". agricultural workers: it is a correct statement that there are direct linkage between the situation of agricultural works and their lack of upward socio-economic mobility. we can give the following facts and point in this regard.


(i) agricultural land is the single most important resource and form of property in indian rural society. but it is not equally distributed among people (particularly agricultural workers) living in a particular village or regions. nor does everyone have access to land.


the ownership of land or its total area decide the position of peasant or agriculture workers upward or downward in socio-economic mobility.


(ii) women workers are having comfortable position in india’s socio-economic setup. in most regions of our country women are usually excluding from ownership of land, because of the prevailing patrilineal kinship system and mode of inheritance. by law women are supposed to have an equal share of family property. in reality they only have limited rights and some access to land only as part of a household headed by a man.


(iii) agricultural labourers are generally paid below the statutory minimum wage and earn very little. their incomes are low. their employment is insecure. most agricultural labourers are daily-wage eamess. and do not have work for many days of the years. this is known as under employment.


similary, tenants (cultivators who lease their land from landowners) have lower incomes than owner-cultivators. because they have to pay a substantial rent to the landowner-often as much as 50 to 75 per cent of the income from the crop.


(iv) agrarian society, therefore, can be understood in terms of its class structure. but we must also remember it is also structured through the caste system. in rural areas, there is a complex relationship between caste and class. this relationship is not always straightforward. we might expect that the higher castes have more land and higher incomes. and that there is a correspondence between caste and class and higher incomes. and that there is a correspondence between caste and class as one moves down the hierarchy.


in many areas this is broadly true but not exactly. for instance, in most areas the highest caste, the brahmins, are not major landowners, and so they fall outside the agrarian structure although they are a part of rural society.


m. imp.