History of American Business
Social mobility refers to the ability of individuals or families to move up or down the socioeconomic ladder, affecting their social status, income, and access to resources. This concept highlights the potential for change in a person's or a group's social standing based on factors such as education, employment opportunities, and economic growth. Social mobility is often viewed as a measure of equality and opportunity within a society, impacting the dynamics of the middle class and influencing patterns of income distribution and wealth across generations.
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