Achieved status in economic life.

Example : An achieved status is something we accomplish in the course of our lives. To some extent, achieved status reflects our work and effort. College student, college dropout, CEO, doctors, athlete, professor are examples of achieved statuses.

It is attained by a person largely through her or his own effort. In achieved status, individuals or groups have the freedom to change their social status. Through this, social mobility is possible. On the basis of a person’s unique talent it is achieved. It appears in different fields in society such as politics, sports, education, and industry and helps an individual to change his economic status.