The interactions between social factors (such as class, race, gender) and economic factors within a society. It includes how wealth, power, and resources are distributed among different groups.
Related terms
Social hierarchy: A system in which individuals or groups are ranked according to their social standing or importance.
Class struggle: The conflict between different classes in society (e.g., working class vs. wealthy elite) over resources and power.
Economic inequality: Unequal distribution of income, wealth, or resources within a society.