What is upper class

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Are you sure you want to remove bookConfirmation and any corresponding bookmarks? My Preferences My Reading List. Types of Social Classes of People. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.

We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Economy Economics. What Is the Upper Class? Key Takeaways The term upper class refers to a group of individuals who occupy the highest place and status in society. This class makes up a small percentage of the overall population but controls a disproportionately large amount of the overall wealth.

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Investopedia does not include all offers available in the marketplace. Related Terms Trickle-Down Effect The trickle-down effect is a marketing and advertising term that suggests trends from the upper class will flow down to the lower class. Plutocracy Definition A plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. Middle Class The middle class refers to individuals who fall between the working class and the upper class.

Those in the middle class often are employed as professionals, managers, and civil servants. Capitalism Capitalism is an economic system whereby monetary goods are owned by individuals or companies. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained in determining where to invest, what to produce, and at which prices to exchange goods and services.

Limited Government Limited government is a political system in which legalized force is restricted through delegated and enumerated powers, such as The United States Constitution and Bill of Rights. Learn how to become one and the questions you should ask before starting your entrepreneurial journey.