Economic Class | Golden Age

Economic class refers to a system of classification of economic activity, including products, companies, and industries. It is a hierarchical social categorization based on factors such as education, occupation, income, and social network. The concept of economic class is a subject of analysis for sociologists, political scientists, anthropologists, and social historians. While there is no broad consensus on a definition of class, it is commonly considered to comprise the working class, middle class, and upper class. Economic class is closely related to socioeconomic status, but academics distinguish between the two, using social class to describe the social and cultural aspects of economic activity. With a Wikidata ID of Q5333554, economic class is an instance of a type of classification and a subclass of specialized classification schemes, comprising economics terminology. The study of economic class has far-reaching implications for understanding social inequality, economic mobility, and policy development.