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GCSE Sociology · key term
Assets owned, such as property, land, savings and shares.
Used by AQA and Eduqas
Paper 1, Paper 2
Revise: Stratification, Mobility and Inequality Key TermsThe upper class is a small, privileged group at the top of the class hierarchy, associated with substantial wealth, often inherited, and access to high status and influence. Families with inherited land and large fortunes illustrate how an upper-class position can rest on accumulated family resources rather than current wages alone.
Component 2
The value of assets owned, such as property, savings and investments, after subtracting debts.
Revise: Evidence of Inequality in the UKIndependent schooling was over-represented, but the comparison alone cannot establish whether schooling, family wealth, contacts or other factors caused their career success.
Distinguish wealth, which is a stock of assets, from income, which is received over time.
Distinguish income from wealth, and equality of opportunity from equality of outcome.
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