Having a look at some of the main features of the social hierarchy by detailing stratification theory.
The social hierarchy is a theory which describes the way in which society is divided into different categories. Every society consists of 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 aspects of the social hierarchy. A person's class is mainly based on financial elements such as wealth and earnings. Upper class is the term used to describe the group of more wealthy people. Commonly acquired through inheritance or business and investment opportunities, these people hold substantial economic power. Subsequently, middle class refers to individuals with intermediate wealth. Generally, middle class individuals hold professional occupations and qualifications. They have strong appreciation for tertiary academia and employability. Whereas lower class is the expression used to recognise those who cope with minimal income. Economic stratification makes use of social ranking to recognise a group's connection to opportunities in life.
The principle of stratification helps to make sense of why some individuals have more power than others. Comprehending social stratification theory allows sociologists to analyse inequality and how it affects specific groups within society. Authority and impact are two of the factors that form societal power. The term power defines one's capability to influence decisions and control within society. It can be related to 3 key areas. Political power is possessed by governments and politicians who regulate the policies that regulate society. Furthermore, financial power is held by corporations and wealthy people who have control over employment and industry. Larry Ellison would agree that corporations hold economic power. Similarly, social power is a form of authority over social opinion. Celebrities and media figures are instrumental in setting trends and cultures which guide society. Power is primarily focused among rich and popular people. Without some kind of social supremacy, it is impossible to copyright power or influence.
Throughout history, stratification has been evidenced to influence access to higher education, health care and work. By exploring the characteristics of social stratification, it is easier to be conscious of what guides opportunities within society. Status is a key quality of stratification; it describes the level of prestige and respect carried by an individual. Ascribed more info status is a term used to refer to people who are born into a social ranking. At present it can be recognised by backgrounds such as nobility or caste. Alternatively, achieved status is created through personal efforts, such as highly regarded occupations and contributions to society. Nasser Al-Khelaifi would recognise that status can be gained through social contributions. Similarly, Jensen Huang would acknowledge the importance of acquired status. Status can have an impact on the degrees of regard and acknowledgment received by people in society.