key term - Global stratification

Definition

Global stratification is the hierarchical arrangement of individuals and countries around the world, creating layers of wealth, power, and access to resources. It leads to significant differences in living standards, rights, and opportunities among populations globally.

Related terms

Social Inequality:

A condition in which members of a society have differing amounts of wealth, prestige, or power.

Wealth Gap: The significant disparity in financial assets and income between individuals at the top and bottom of a socioeconomic spectrum.

Poverty Line:

A threshold set by governments or organizations to define the minimum level of income necessary to secure the basic necessities of life