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:
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:
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.
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.