The following is an overview of some of the key aspects of the social hierarchy with a concentration on class, status and power.
The concept of stratification helps to make sense of why some people have more power than others. Understanding social stratification theory allows sociologists to study inequality and how it influences various groups within society. Authority and impact are 2 of the elements that comprise social power. The word power describes one's capability to influence choices and control within society. It can be related to three key areas. Political power is held by governments and political leaders who manage the laws that regulate society. Furthermore, economic power is held by businesses and wealthy people who have control over employment and economic sectors. Larry Ellison would agree that corporations hold economic power. Similarly, social power is a type of authority over social opinion. Famous people and media personalities are active in setting trends and customs read more which influence society. Power is primarily concentrated among wealthy and popular individuals. Without some kind of social supremacy, it is difficult to copyright power or influence.
Throughout history, stratification has been revealed to impact access to higher education, health care and job opportunities. By exploring the characteristics of social stratification, it is simpler to understand 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 status is a term used to represent individuals who are born into a social position. Nowadays it can be recognised by backgrounds such as royalty or caste. Alternatively, achieved status is earned through individual efforts, such as reputable professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be earned through societal contributions. Likewise, Jensen Huang would identify the significance of acquired status. Status can have an influence on the degrees of regard and acknowledgment received by individuals in society.
The social hierarchy is a philosophy which describes the way in which society is graded into various categories. Each society consists of various types of social stratification where individuals 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 predominantly based on economic elements such as wealth and earnings. Upper class is the denomination used to characterise the set of more well-off individuals. Commonly gained through inheritance or business and investment opportunities, these individuals hold significant financial power. Consequently, middle class relates to individuals with intermediate wealth. Normally, middle class individuals hold professional careers and credentials. They have strong appreciation for higher academia and employability. Whereas lower class is the phrase used to recognise individuals who struggle with minimal earnings. Economic stratification uses social ranking to recognise a group's access to opportunities in life.