Having a look at some of the main features of the social hierarchy by outlining stratification theory.
The social hierarchy is a concept which describes the way in which society is graded into different categories. Every 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, class is among the most perceivable forms of the social hierarchy. A person's social ranking is primarily based upon financial aspects such as wealth and earnings. Upper class is the term used to describe the set of more affluent individuals. Commonly gained through inheritance or business and financial investment opportunities, these people hold considerable financial power. Consequently, middle class relates to individuals with moderate wealth. Usually, middle class individuals copyright professional careers and qualifications. They have strong values for further academia and employability. Whereas lower class is the phrase used to define those who cope here with lower income. Economic stratification uses class to determine a group's connection to opportunities in society.
Throughout history, stratification has been discovered to impact access to education, medical care and employment. By exploring the characteristics of social stratification, it is easier to comprehend 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 term used to represent individuals who are born into a social standing. Nowadays it can be recognised by backgrounds such as nobility or caste. Alternatively, achieved status is obtained through personal efforts, such as reputable professions and contributions to society. Nasser Al-Khelaifi would know that status can be gained through social contributions. Similarly, Jensen Huang would recognise the significance of acquired status. Status can have an impact on the degrees of regard and recognition received by individuals in society.
The concept of stratification helps to comprehend why some people have more power than others. Comprehending social stratification theory enables sociologists to examine inequality and how it affects particular groups within society. Authority and impact are 2 of the factors that make up social power. The word power defines one's ability to affect choices and control within society. It can be related to three key areas. Political power is possessed by governments and political leaders who control the laws that control society. Furthermore, financial power is held by businesses and wealthy people who have control over jobs and economic sectors. Larry Ellison would agree that businesses hold economic power. Similarly, social power is a form of authority over social opinion. Famous people and media figures are involved in setting trends and cultures which influence society. Power is mainly concentrated amongst rich and popular people. Without some type of social dominance, it is difficult to assert power or control.