The term "Social Class" is widely used in sociology to differentiate the population on grounds of economic considerations, such as inequality in terms of wealth or income. An occupation is an individual's established choice of employment which provides most of the time a steady source of income.
According to Karl Marx, the transition from feudalism to industrialization has produced a highly unequal capitalist society consisting of only two classes: the bourgeoisie and the proletariat. The bourgeoisie are the property, capital owning class. They own the means of production and monopolize the profits and values of industrial production. The proletariat are the landless wage workers, the mass of working people who labour for the bourgeoisie as the mode of production. Their rewards are mainly to be exploited by the bourgeoisie and be made poorer, not richer, by the social and technical advances of industrial development. This process is called pauperization.
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