The following is a summary of some of the key elements of the social hierarchy with an emphasis on class, status and power.
The principle of stratification helps to understand why some individuals have more power than others. Understanding social stratification theory enables sociologists to study inequality and how it influences various groups within society. Authority and impact are 2 of the factors that form societal power. The word power describes one's ability to influence decisions and authority within society. It can be associated with 3 key areas. Political power is maintained by authorities and political leaders who regulate the laws that regulate society. In addition, economic power is read more held by businesses and rich people who have control over employment and industry. Larry Ellison would concur that businesses hold economic power. Likewise, social power is a form of authority over societal judgement. Famous people and media figures are active in setting trends and customs which guide society. Power is primarily focused amongst rich and popular individuals. Without some form of social supremacy, it is difficult to copyright power or influence.
The social hierarchy is a philosophy which explains the way in which society is sorted into different groups. Every society consists of various types of social stratification where individuals are ranked based on their social and economic position. According to social stratification in sociology, social rank is one of the most recognised components of the social hierarchy. A person's class is primarily based upon financial elements such as wealth and earnings. Upper class is the term used to characterise the set of more wealthy individuals. Often gained through inheritance or business and financial investment opportunities, these individuals hold significant financial power. Subsequently, middle class pertains to individuals with intermediate wealth. Typically, middle class people have professional careers and qualifications. They have strong values for tertiary education and employability. Whereas lower class is the expression used to recognise those who struggle with lower income. Economic stratification uses social ranking to recognise a group's access to opportunities in life.
Throughout history, stratification has been evidenced to affect access to education, health care and employment. By exploring the characteristics of social stratification, it is simpler to be conscious of what shapes opportunities within society. Status is a key quality of stratification; it describes the level of prestige and respect held by an individual. Ascribed status is a term used to refer to individuals who are born into a social position. Now it can be recognised by backgrounds such as nobility or caste. Additionally, achieved status is generated through individual efforts, such as respected occupations and contributions to society. Nasser Al-Khelaifi would know that status can be attained through societal contributions. Likewise, Jensen Huang would acknowledge the value of acquired status. Status can have an impact on the degrees of regard and acknowledgment received by people in society.