Social Stratification and Social Mobility Systems of social stratification The systems refer to the manner that the society utilizes in ranking individuals in a hierarchy. Undeniably, the classifications suffice the reality that some groups of individuals possess greater wealth, power, and status compared to others. Differences in the groups of individuals describe the nature of social stratification. Social inequality occurs as a significant aspect of the society as it facilitates the smooth

Economic inequality occurs when there is a gap in the economic well beings of a group of individuals in a given country. In the Arab world, the economic inequality is one of the major factors that leads to the political violence because a discontent generated from a gap has been the major determinant of violent behavior. Typically, income inequality has a strong correlation with mass violence, and the higher the

Furthermore, the best means by which to achieve upward social mobility for many people has been strong labor movements and corresponding labor laws that protect the interest of workers. Raising minimum wages, expanding opportunities for advancement, and reducing burdens on the poor are some of the ways income disparity can be minimized. These are policies and programs that have been systematically stifled in the United States, especially over the

Regional Development The differences in the level of development in the world regions emanates from the regional disparities in the individual country economies. This result in regional inequality within that country; therefore, regional inequality with respect to a country is the eminent disparity between the living standards that apply in that country. It is a hard task to quantify the level of development, prosperity or poverty in a country or region.

Identifying Opportunities to Reduce Income Disparities in South Africa Today and In the FutureDespite the end of apartheid in the early 1990s, South Africa remains racially and economically segregated. The country is beset by persistent social inequality, poverty, unemployment, a heavy burden of disease and the inequitable quality of healthcare service provision. -- Katusha de Villiers (2021)In 2019, the World Bank recognized South Africa as the most unequal country in

Accounting Theory Over the year, the world scholars continue to evaluate the economics of the world to understand their functioning. In this course, they developed the subject of accounting to assess the frameworks of financial principles. The accounting theory in discussion involves reviewing the historical foundations of financial reporting and creating new models of reporting the financial developments and exchanges (Richards, 2009, p. 17). Accounting theory evolves continually; thus, there are