What term describes a large group of people who share similar economic resources?

The term "social class" specifically refers to a large group of individuals who share similar economic resources and statuses within a society. This concept encompasses various dimensions, including income, wealth, education, and occupational status. Social class can significantly influence individuals' life chances, access to resources, and social interactions.

In various sociological theories, social class is a key factor in understanding stratification within society. It allows sociologists to analyze how economic disparities impact behavior, opportunities, and social mobility. By grouping people based on their economic resources, sociologists can better study the dynamics of power, privilege, and inequality in different social contexts.

Other terms may signify different social constructs. For instance, a social category refers to a group categorized by specific characteristics, but it does not necessarily relate to economic resources. Social order pertains to the structure and organization of society as a whole rather than to individual or group economic standings. Lastly, a cultural group focuses on shared beliefs, practices, and values, which may not directly correlate with economic factors. Therefore, "social class" is the most accurate term for describing a group of people united by similar economic resources.