Inequality And Wealth Distribution Questions
Social mobility refers to the ability of individuals or groups to move up or down the social ladder within a society. It is a measure of the extent to which individuals can improve their socioeconomic status, typically measured by factors such as income, education, occupation, and social class. Social mobility can occur through various means, including education, employment opportunities, inheritance, and entrepreneurship. It is influenced by factors such as social and economic policies, cultural norms, discrimination, and access to resources and opportunities. High social mobility indicates a society where individuals have a greater chance of improving their social and economic standing, while low social mobility suggests limited opportunities for upward mobility and a perpetuation of inequality.