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Impacts of social stratification

What is Social Stratification?

Social stratification is the division of society into different social classes that are based on various factors such as money, power, and status. This type of social structure is found in all societies around the world and is believed to be a necessary part of any society in order to maintain order.

The Impact of Social Stratification

Social stratification has both positive and negative impacts on society. On the positive side, social stratification can provide structure and order, as well as a way to allocate resources. On the negative side, it can lead to economic inequalities, discrimination, and social exclusion.

Economic Inequality

Social stratification can lead to economic inequality between different classes of people. This inequality can lead to a lack of access to basic necessities such as food, shelter, and healthcare. It can also lead to a lack of educational opportunities, as those in lower classes are less likely to have access to quality education.

Discrimination and Social Exclusion

Social stratification can also lead to discrimination and social exclusion of certain groups of people. Those in lower classes may face discrimination in the workplace or in other areas of society due to their social class. This can lead to a feeling of isolation and can have a negative impact on their mental health.

Related Questions

How does social stratification affect education?
What are the different types of social stratification?
What are the effects of economic inequality?
What are the causes of social stratification?
What is the impact of discrimination on society?
What are the effects of social exclusion?
How does social stratification affect the distribution of resources?
How does social stratification affect mental health?
What is the connection between social stratification and poverty?
How has social stratification changed over time?

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The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2022 issuing equity amounting $100. JBI advertises an annual interest of 4% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $150 as checking deposits and $750 as savings deposits. The bank lends $700 for an annual interest rate of 8%. It purchases treasury bonds worth $150 which earns 5% per annum. JBI maintains $100 at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays 4.5% interest on JBI’s reserve account. However, JBI does not pay interest on checking accounts of its customers. JBI’s operational expenses during its first year of operations is $18 and the corporate tax rate is 25%. Shareholders of JBI receive 10% dividends. A customer withdraws $170 from her savings account. To pay that amount back, the Bank sells its Bonds portfolio for $120 making a loss of $30 and withdraw another $50 from the account at Fed. Find the following. Find total liabilities

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inter-quartile