Socioeconomic class can be divided into three categories (lower, middle, and upper), each with its inherent order or ranking. However, the differences between the categories are not always equal. For example, the income gap between the lower and middle classes may differ from the gap between the middle and upper classes. What is the difference between these three? Explain briefly

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Socioeconomic class is often divided into three main categories lower middle and upper class Each category represents a different level of income weal... View the full answer