Close

09/13/2020

What is a definition of poverty. Well-known mathematicians once defined it as a society of individuals, having sufficient wealth but inadequate income, due to the lack of skills and material means of subsistence. This concept is widely used in economics, political science and many other disciplines, because they help to understand the influence and causes of socio-economic phenomena on the economic development of states. In accordance with this definition, the term “poor” is defined as the sum of financial resources, including the income of the population from the position of the lowest class.

What is a definition of poverty. Well-known mathematicians once defined it as a society of individuals, having sufficient wealth but inadequate income, due to the lack of skills and material means of subsistence. This concept is widely used in economics, political science and many other disciplines, because they help to understand the influence and causes of socio-economic phenomena on the economic development of states. In accordance with this definition, the term “poor” is defined as the sum of financial resources, including the income of the population from the position of the lowest class.

The concept of “acceptable income” is proposed in the following way: obtaining the necessary material level, including decent living conditions, some financial independence, enough savings, adequate housing and other property); the goal of the middle class is to provide its members with a decent income, enough to meet the basic needs of the community.

  • Another important indicator of the middle class is its ability to invest in real estate, liquid assets.

    More specifically, you can provide the following criteria for identifying the middle class in wealth and income inequality:

  • level of income, well-being allowing to enjoy a modern way of life, high social standard;
  • relative stability of the economic status;
  • ownership of property, presence of conditions which are absolutely necessary for its effective functioning at the modern level: knowledge and skills in the sphere of organization and management, high qualification, information;
  • activities in the field of science, culture which are recognized as particularly valuable for society and carried out on the basis of possessing unique creative abilities;
  • the ability to influence the social process and its management more or less significantly: the middle class is one of the most important components of the social partnership system.
  • READ:  What is the standard list of tasks which should be performed at home:

    Persons with a higher value of indicators mentioned in this list belong to groups located above the middle class on the social ladder (the upper stratum, the elite).

    An important feature of the middle class is its quantitative scale. In any case, the share of the middle class in the population should be not less than the total share of those groups whose social status is somewhat below. The functioning of the middle class begins exactly from this quantitative threshold. Otherwise, it would be only one of the layers in the social structure of society.

    Based on the above, you can specify the social groups that belong to the middle class in essay on economic inequality:

  • owners of medium and small capital, part of the owners of small-scale private property (excluding owners of medium capital belonging to the higher strata);
  • employed persons, highly qualified specialists: middle and partially lower managers who carry out technical and functional management at enterprises and organizations of any form of ownership;
  • highly qualified specialists of the non-production profile (part of them may have a status below the middle class);
  • persons exercising civil authority (except those cases when a commission of the latter kind is required);
  • part of the officials – the performers who are subject to regulation by the interior ministry, even if they are acting under the control of the official.
  • The middle class is distinguished by high heterogeneity and even ambiguity in many objective and subjective criteria. This prevents the understanding of the common interests of representatives of the middle class.

    READ:  How to write about average wage in the United States?

    It’s important to mention in income inequality paper that the presence of the middle class provides stability and dynamic economic development. As a basic social group, it performs a number of very important social functions. The function of the social stabilizer is the basic among them: having achieved a certain place in the social structure, the representatives of middle class are inclined to support the existing state order that enabled them to reach their position.

    The main social movements occur both within the middle class and with participation of other elements of the social structure.