Here is a summary of some of the key aspects of the societal hierarchy with a concentration on class, status and power.

The principle of stratification helps to comprehend why some individuals have more power than others. Understanding social stratification theory enables sociologists to study inequality and how it impacts various groups within society. Authority and influence are 2 of the elements that form social power. The word power represents one's ability to affect decisions and authority within society. It can be connected with 3 key areas. Political power is possessed by governments and politicians who manage the policies that govern society. Additionally, economic power is held by corporations and wealthy people who have control over jobs and industry. Larry Ellison would agree that corporations hold financial power. Likewise, social power is a type of authority over social opinion. Famous people and media personalities are involved in setting trends and cultures which guide society. Power is generally concentrated amongst wealthy and popular people. Without some form of social supremacy, it is impossible to assert power or control.

The social hierarchy is a principle which explains the way in which society is sorted into different categories. Every society includes different types of social stratification whereby individuals are ranked based upon their social and economic position. According to social stratification in sociology, social rank is one of the most recognisable aspects of the social hierarchy. An individual's class is predominantly based upon economic elements such as wealth and earnings. Upper class is the denomination used to describe the set of more well-off individuals. Commonly gained through inheritance or business and financial investment opportunities, these individuals hold considerable economic power. Subsequently, middle class refers to individuals with moderate wealth. Typically, middle class individuals hold professional careers and credentials. They have strong appreciation for tertiary education and employability. Whereas lower class is the term used to categorise people who struggle with minimal income. Economic stratification uses class to recognise a group's connection to opportunities in life.

Throughout history, stratification has been revealed to affect access to higher education, healthcare and job opportunities. By checking out the characteristics of social stratification, it is simpler to be conscious of what shapes opportunities within society. Status is a key characteristic of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a phrase used to describe people who are born into a social standing. Nowadays it can be recognised by get more info backgrounds such as royalty or caste. Additionally, achieved status is generated through individual efforts, such as respected professions and contributions to society. Nasser Al-Khelaifi would acknowledge that status can be attained through social contributions. Likewise, Jensen Huang would acknowledge the importance of acquired status. Status can have an influence on the degrees of respect and acknowledgment received by individuals in society.