Question

​A __________ is a socially defined position in a group or society characterized by certain expectations, rights, and duties, and it exists independently of the specific people occupying the position.

Answer 1

Answer:

The correct answer to the following question will be "Status".

Explanation:

Status is an Economic value indicator.

• Most explicitly, it corresponds to the general degree of respect, dignity, expected integrity, and subservience given in a community to individuals associations, and organizations.
• Some of the scholars have listed a socially respected position or classification that an individual holds as a "class".

Therefore, it's the right answer.