Definition of Social Stratification. Social stratification refers to a system by which a society ranks categories of people in a hierarchy.In the United States, it is perfectly clear that some groups have greater status, power, and wealth than other groups. These differences are what lead to social stratification.ocial stratification refers to a system by which a society ranks categories of people in a hierarchy. Theoretically, we can analyze social stratification from three major perspectives.
For another use, see Economic, social and cultural rights. Economic freedom or economic liberty is the ability of members of a society to undertake economic actions. This is a term used in economic and policy debates as well as in the philosophy of economics. One approach to economic freedom comes from classical liberal and libertarian traditions emphasizing free markets, free trade, and private property under free enterprise.
An economy can achieve faster economic growth without ________. Step 1 of 4 An economy achieves faster economic growth when there is economic freedom. Economic freedon is achieved when a rule of law that protects property rights in place and when there are free markets where people can buy and sell freely. Hence, the answer is not (A) markets property rights.