Social Sciences, asked by patelanshika052, 4 hours ago

how social status affect economic status?

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Answered by ItzSherni12

Answer:

Social status is thus part of the incentive structure provided to individuals in every society. These incentives affect an individual's choice of actions, occupation, education level and so forth. They thus are of significant economic importance (see also the review in Weiss and Fershtman, 1998).

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