Vocabulary

8. The trend toward increased cultural and economic connectedness between people, businesses, and organizations throughout the world.
11. Property, Power, Prestige
12. Bourgeoisie=Own the Factors of production Proletariat=Workers
13. aid given by government agencies to those in need
15. a condition that exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living
16. People in power will use it to keep others "in their place“
17. stratification system in which high-status groups own land and have power based on noble birth
18. underdeveloped and developing countries of Asia and Africa and Latin America collectively
19. an illegal practice in which employers give high-interest loans to workers whose entire families then labor at low wages to pay off the debt
20. the act or process or arranging persons into classes or social strata
21. the lowest legal wage that can be paid to most workers
23. the state of having little or no money and few or no material possessions
24. the largely democratic and free-market states of the United States and Western Europe (Cold War to today)
25. An individual's or group's position within a hierarchical social structure. Socioeconomic status depends on a combination of variables, including occupation, education, income, wealth, and place of residence.

1. workers are overqualified for their jobs or work fewer hours than they would prefer
2. Movement within social classes.
3. the point at which a household's income falls below the necessary level to purchase food to physically sustain its members
4. a social structure in which classes are determined by heredity
5. economic and political connections that tie the world's countries together
6. a social position that a person holds
7. the communist and state-planned countries of the Soviet Union, Eastern Europe, and China (Cold War)
9. the state of being unemployed or not having a job
10. the state of being under the control of another person
14. Intelligence is environmental and inherited and predicts success more accurately than socioeconomic indicators
22. the actual purchasing power of income