The three variables identified by Max Weber as defining social class are life circumstances and opportunities; ownership of property and wealth; and working conditions and markets. Of these, Weber considered the ownership of property to be the most decisive variable in determining class.Continue Reading
Weber argued that property owners were able to influence or even dominate commodity and labor markets. Landowners, for instance, are able to collect rents from tenants, thus transforming their property into wealth.
Weber's third variable applies primarily to the working class, who may be subdivided by their working conditions, earnings and services into classifications of skilled, semi-skilled and unskilled laborers. Taken sequentially, these groups represent diminishing attributions of social value, based on what their members can offer society.Learn more about Economics
The elite and class theory promotes the idea that a rich elite holds most of the power in U.S. politics, and therefore determines policies and living conditions for the rest of society. This theory acknowledges that people have the right to vote, but states that the rich elite are able to form conditions that shape policies despite this.Full Answer >
The social class into which a person is born greatly effects the trajectory of one's life, especially in the early formative years, according to studies reported by The Guardian and CNN Money. Social class affects the type of opportunities available to a person, as economic factors largely determine the options available to people getting started in life.Full Answer >
Social life in the southern colonies was based on the strict social class system in place at the time, so activities varied for those colonists who were wealthy versus those who were poor, and for those who were free versus indentured servants or slaves. With no large cities in the colonies, social life revolved around plantation and farm life.Full Answer >
The characteristics of a communist government are an equitable distribution of wealth and resources, common ownership of businesses and property, and state control of all economic and social activities. Communism’s origin is attributed to the 19th-century philosopher and economist Karl Marx.Full Answer >