| A | B |
| Caste System | when resources and opportunities are awarded based on ascribed status. (Born into) |
| Class System | When resources and opportunities are provided based upon achieved status (Earned) |
| Exogamy | Marriage outside of your assigned class/caste |
| Endogamy | Marriage withing your assigned class/caste |
| Inequality | unequal sharing of scarce resources |
| Social Stratification | the Layering of society into ranks and classes |
| Bourgeoisie | Owers iof the means of production (higher class) |
| Proletariat | Workers who sell their labor, (lower class) |
| Social Class | grouping of people with similar levels of wealth, prestige, and power |
| Wealth | a persons assets of value |
| Prestige | Respect afforded to people |
| Power | ability to control the behavior of others |
| Functionalist Theory of Inequality | Stratification is necessary for society to progress |
| Conflict Theory of Inequality | See competition of scarce resources as cause of inequality |
| Social Mobility | movement between or within social strata |
| Horizontal mobility | movement within a social class or strata |
| Vertical mobility | movement between Social Strata |
| Poverty | standard of living that is below what is needed for survival |
| Lifechances | Ability for people to be able to share in opportunities life has to offer |
| Life Expectancy | average number of years someone lives |