The occupations as well as the salaries, sources of income, educational attainment, and accumulated wealth of consumers are all examples of social class measurement factors.
A social class is a group in a class society that has similar socio-economic conditions.
In social science research, a distinction is sometimes made between objective and subjective class. Objective class refers to the classification of people that is made on the basis of measures such as level of education, income and background. Subjective class, on the other hand, is defined on the basis of a person's perceived class affiliation; this can, unlike the objective class, be completely arbitrary.
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