Principles of Sociology: Exam 2 Content
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9 Terms
SOCIAL INSTITUTIONS
the major areas of social life organized to meet human needs (i.e., family, economy, education)
MERITOCRACY
the belief that everyone is in control of their life path, and hard work/dedication will solely and
always be the determining factor in success
INCOME; WEALTH
______: salary; _______: assets owned minus your debt
NEGATIVE WEALTH
when one’s assets are worth less than their debt
POSITIVE WEALTH
when one’s assets are worth more than their debt
SOCIAL STRATIFICATION
a system by which a society ranks categories of people in a hierarchy – divisions or
ranking of people and groups
EDUCATION, OCCUPATION, LIFESTYLE
determinants of one’s class (“place” on the economic hierarchy)
STRUCTURAL INEQUALITY
inequities built into the social system
GLOBALIZATION
the increased economic, political, and social interconnectedness of the
world
