Candidates must analyse the distinction between wealth (stock concepts: property, savings, shares) and income (flow concepts: wages, benefits, dividends). The study focuses on the empirical evidence of widening inequality in the contemporary UK, specifically the polarization between the top 1% and the lowest deciles. Analysis must integrate theoretical explanations for this distribution, contrasting functionalist arguments of meritocratic necessity with Marxist and Weberian critiques of structural reproduction and market situation. Candidates are expected to evaluate the impact of fiscal policy, globalisation, and the 'gig economy' on social stratification.
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