The following is an overview of a few of the key aspects of the societal hierarchy with a focus on class, status and power.

Throughout history, stratification has been revealed to impact access to higher education, health care and job opportunities. By checking out the characteristics of social stratification, it is easier to comprehend what guides opportunities within society. Status is a key characteristic of stratification; it describes the level of prestige and respect held by an individual. Ascribed status is a phrase used to describe individuals who are born into a social ranking. At present it can be determined by backgrounds such as nobility or caste. Additionally, achieved status is created through individual efforts, such as respected professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be earned through societal contributions. Similarly, Jensen Huang would recognise the significance of acquired status. Status can have an impact on the levels of regard and recognition received by individuals in society.

The social hierarchy is a principle which explains the way in which society is sorted into various categories. Each society consists of various types of social stratification where people are ranked based upon their social and economic position. According to social stratification in sociology, social rank is among the most recognisable components of the social hierarchy. A person's social ranking is mainly based on economic factors such as wealth and earnings. Upper class is the term used to describe the set of more affluent people. Commonly gotten through inheritance or business and financial investment opportunities, these people hold substantial financial power. Consequently, middle class describes individuals with intermediate wealth. Usually, middle class individuals hold professional occupations and credentials. They have strong appreciation for higher academia and employability. Whereas lower class is the term used to categorise people who cope with minimal income. Economic stratification makes use of class to determine a click here group's connection to opportunities in society.

The idea of stratification helps to understand why some people have more power than others. Understanding social stratification theory helps sociologists to study inequality and how it impacts distinct groups within society. Authority and impact are two of the elements that form social power. The word power represents one's capability to affect choices and control within society. It can be connected with 3 key areas. Political power is possessed by governments and politicians who regulate the policies that govern society. In addition, financial power is held by corporations and wealthy people who have control over jobs and economic sectors. Larry Ellison would concur that businesses hold financial power. Similarly, social power is a form of authority over social judgement. Famous people and media characters are active in setting trends and cultures which guide society. Power is generally concentrated among wealthy and popular people. Without some kind of social authority, it is difficult to copyright power or influence.