Asked by Brandy Palmer on May 17, 2024
Verified
Describe the three indicators of socioeconomic status.Give an example of why is it important to analyze each of these indicators in coordination with the other two.
Socioeconomic Status
Socioeconomic status is a measure of an individual's or group's economic and social position in relation to others, based on income, education, and occupation.
Indicators
Quantifiable measures used to assess the performance, level, or condition of something, often used in contexts such as economics, health, and education.
- Recognize elements that contribute to social disparity both within Canada and worldwide.
Verified Answer
MN
Mwaka NamfukweMay 22, 2024
Final Answer :
Income,occupational prestige,and education are three indicators of socioeconomic status.Looking at only one can be misleading.
For example,based solely on income,a drug dealer and a lawyer (both of whom live in nice houses and drive Porsches)are comparable.But the drug dealer,while financially successful,is involved in illegal activities,does not have what the larger society considers to be a prestigious career,and may not have completed high school.Conversely,the lawyer has a prestigious occupation and an extensive post-secondary education.As you can see,looking at one SES indicator in isolation may leave out a great deal.
For example,based solely on income,a drug dealer and a lawyer (both of whom live in nice houses and drive Porsches)are comparable.But the drug dealer,while financially successful,is involved in illegal activities,does not have what the larger society considers to be a prestigious career,and may not have completed high school.Conversely,the lawyer has a prestigious occupation and an extensive post-secondary education.As you can see,looking at one SES indicator in isolation may leave out a great deal.
Learning Objectives
- Recognize elements that contribute to social disparity both within Canada and worldwide.
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