Term used by Marxist economists to denote the social class that owns property and financial assets and thus derives income from investments. Also may be used to refer to the middle and upper classes and the prevailing social values of mainstream society.
Status refers to the position, class, standing, or rank achieved within society. This can be influenced by various factors such as achievements, financial wealth, education, occupation, or social connections. It is an essential aspect within sociological and economic studies that affects social hierarchies and individual identity.
