This article will examine the concepts that form the social hierarchy, consisting of some key elements of stratification.

The idea of stratification helps to understand why some individuals have more power than others. Understanding social stratification theory helps sociologists to examine inequality and how it impacts distinct groups in society. Authority and influence are 2 of the aspects that form societal power. The term power refers to one's capability to affect choices and authority within society. It can be associated with three key areas. Political power is possessed by governments and political leaders who regulate the policies that govern society. Furthermore, financial power is held by businesses and rich people who have control over employment and industry. Larry Ellison would agree that corporations hold financial power. Likewise, social power is a type of authority over societal opinion. Famous people and media characters are instrumental in setting trends and customs which influence society. Power is primarily focused amongst rich and popular people. Without get more info some kind of social dominance, it is impossible to copyright power or influence.

Throughout history, stratification has been proven to affect access to education, medical care and employment. By exploring the characteristics of social stratification, it is much easier to understand what shapes opportunities within society. Status is a key quality of stratification; it refers to the level of prestige and respect carried by an individual. Ascribed status is a term used to refer to individuals who are born into a social position. Nowadays it can be recognised by backgrounds such as royalty or caste. Additionally, achieved status is generated through individual efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would know that status can be acquired through societal contributions. Similarly, Jensen Huang would identify the value of acquired status. Status can have an impact on the degrees of respect and acknowledgment received by individuals in society.

The social hierarchy is a philosophy which explains the way in which society is divided into different groups. Every society contains various types of social stratification where people are ranked based upon their social and financial position. According to social stratification in sociology, class is among the most perceivable structures of the social hierarchy. An individual's social ranking is mainly based on financial factors such as wealth and income. Upper class is the denomination used to characterise the group of more well-off people. Often gained through inheritance or business and investment opportunities, these people hold substantial economic power. Consequently, middle class relates to people with intermediate wealth. Generally, middle class individuals have professional occupations and qualifications. They have strong values for high level academia and employability. Whereas lower class is the phrase used to define those who struggle with lower income. Economic stratification uses social ranking to recognise a group's access to opportunities in life.