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This presentation explores socioeconomic status as a measure of an individual's or family's standing in society, influenced by factors such as family background, education, and income. It delves into various forms of stratification, including the caste system in India, feudalism, and class distinctions in America, highlighting the dynamics of upper, middle, working, and lower classes. Additionally, it examines economic systems like communism and capitalism, and their roles in shaping social hierarchies and class relations.
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