Running Head : WEALTHWealth[Writer s Name][Name of Institution]Wealth1 . The asa . incomeb . individualal propertyc . richesd powerBoth in economy and sociology , much(pre token(a)) terms as income and riches can jock to make up ones understanding socio-economic status and friendly position of a member of a certain social radical . In particular , a psyche s incomes consist of ein truth(prenominal) salaries , wages , earnings from unlike investments and approximately some other possible earnings of this person . At the aforementioned(prenominal) time , a person s wealth is a impression that defines every(prenominal) 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 s ociological perspective , the concepts of income and wealth help to pass judgment dimensions and tendencies of social inequality in a social group . Such models as income distribution and distribution of wealth argon 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 accommodating for measuring social inequality and analyzing social anatomical organize 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 a ddress 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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