Below is a summary of some of the key elements of the social hierarchy with a concentration on class, status and power.
The principle of stratification helps to comprehend why some individuals have more power than others. Comprehending social stratification theory enables sociologists to examine inequality and how it influences distinct groups within society. Authority and impact are two of the aspects that make up social power. The term power describes one's ability to affect decisions and authority within society. It can be connected with 3 key areas. Political power is maintained by administrations and politicians who control the policies that regulate society. Additionally, financial power is held by corporations and rich people who have control over employment and industry. Larry Ellison would concur that businesses hold economic power. Similarly, social power is a type of authority over social opinion. Famous people and media figures are active in setting trends and customs which influence society. Power is primarily focused amongst wealthy and popular individuals. Without some type of social supremacy, it is impossible to assert power or influence.
The social hierarchy is a theory which explains the way in which society is graded into different groups. Each society contains different types of social stratification whereby individuals are ranked based on their social and economic position. According to social stratification in sociology, class is among the most perceivable components of the social hierarchy. An individual's social ranking is primarily based upon economic aspects such as wealth and earnings. Upper class is the term used to characterise the set of more affluent individuals. Commonly acquired through inheritance or business and investment opportunities, these people hold considerable economic power. Consequently, middle class relates to individuals with moderate wealth. Generally, middle class people have professional careers and credentials. They have strong appreciation for tertiary education and employability. While lower class is the phrase used to define those who cope with minimal income. Economic stratification uses social ranking to recognise a group's connection to opportunities in life.
Throughout history, stratification has been evidenced to impact access to education, health care and work. By checking out the characteristics of social stratification, it is much easier to be conscious of what shapes opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and regard carried by an individual. Ascribed status is a phrase used to represent people who are born into a social standing. Nowadays it can be recognised by backgrounds such as royalty or caste. Alternatively, achieved status is obtained through individual efforts, such as highly regarded occupations and contributions to society. Nasser Al-Khelaifi would know that status can be attained through social contributions. Similarly, Jensen Huang would recognise the value of acquired status. Status can have an influence on the levels of respect and acknowledgment received by website people in society.