Question

Which of the following best explains the concept of socioeconomic status?

1. a society's division of its people
2.a stratification based on income. job, and education
3.the ability for someone to create wealth
4.a society’s categorization based on birth

Answer 1

The correct answer is B or (2)

Answer 2

A socioeconomic status is a measure based on the combined economical and societal characteristics as work experience and family's position in relation to others. It is meant to classify someone into a high, middle, or low economical status.

It's not a division, it's categorization. Considering the explanation above, it is not specifically about one's ability to create wealth and it's not based on birth.

The option that fits the explanation is:

2.a stratification based on income. job, and education