estate

(noun)

A major social class or order of persons regarded collectively as part of the body politic of the country and formerly possessing distinct political rights (w:Estates of the realm)

Related Terms

  • social stratification
  • endogamy

Examples of estate in the following topics:

  • Caste Systems

    • The three estates used in France before the French Revolution were a caste system based on birth and religious standing: the first estate consisted of clergy, the second of nobility, and the third of commoners.
    • These estates were endogamous and there was little mobility between them.
    • In parts of Europe, these closed social caste groups were called estates.
    • Along with the three or four estates recognized in various European countries, an additional group existed below the bottom layer of the hierarchical society.
    • Compare the caste system in ancient India with the estate system in feudal Europe
  • Suburbanization

    • Real estate law at the time enabled this process, as many minorities were legally excluded from purchasing properties in suburban areas.
    • The mass movement of families from urban to suburban areas has had a serious economic impact with changes in infrastructure, industry, real estate development costs, fiscal policies, and more.
  • Models of Urban Growth

    • The field of urban sociology had been dominated by the idea that cities were basically containers for human action, in which actors competed among themselves for the most strategic parcels of land, and the real estate market reflected the state of that competition.
    • In particular, cities are shaped by the real estate interests of people whose properties gain value when cities grow.
  • Social Class

    • Because real estate values are clustered (neighboring homes are likely to have similar values), neighborhoods are stratified by socioeconomic status.
  • Change in Household Size

    • A shared house is formed when a group of people move into a rental property; typically, one or more of these people has applied to rent the property through a real estate agent, been accepted, and signed a lease.
  • Income Distribution

    • Still, much of the richest Americans' accumulated wealth is in the form of stocks and real estate.
  • Institutional Prejudice or Discrimination

    • For example, residential segregation is a product of discrimination that exists in the private real estate market.
  • Income

    • Salary alone only measures the income from a person's occupation, while total personal income accounts for investments, inheritance, real estate gains, and other sources of wealth.
  • Wealth

    • Many wealthy individuals, particularly those with inherited wealth or substantial stock or real estate holdings, actually have low incomes.
  • Social Mobility

    • In pre-revolutionary France, a nobleman, however poor, was from the "second estate" of society and thus considered superior to a wealthy merchant (from the "third estate").
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.