Question

concept of middle class​

Answer 1

Explanation:

We expect a lot from the middle classes. Jim Frederick, writing in Time magazine in 2002, stated: “China's burgeoning middle class holds the key to the future of the country.” In a more academic vein, Easterly (2001) concludes, based on a comparison of a large number of countries, that countries that have a larger middle class tend to grow faster, at least if they are not too ethnically diverse. In another article, Birdsall, Graham, and Pettinato (2000) rue the shrinking of the middle class—“the backbone of both the market economy and of democracy in most advanced societies”—in the face of burgeoning globalization. The economic historian David Landes, writing about The Wealth and Poverty of Nations (1998), explains England's early ascendancy in terms of “the great English middle class” of the eighteenth and nineteenth centuries.

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Answer 2

Answer:

• The middle class is a description given to individuals and households who typically fall between the working class and the upper class within a socio-economic hierarchy. In Western cultures, persons in the middle class tend to have a higher proportion of college degrees than those in the working class, have more income available for consumption, and may own property. Those in the middle class often are employed as professionals, managers, and civil servants.

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