The following is a summary of some of the key elements of the social hierarchy with a focus on class, status and power.
The social hierarchy is a concept which describes the way in which society is graded into different categories. Each society contains different types of social stratification whereby people are ranked based on 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 class is primarily based upon financial aspects such as wealth and income. Upper class is the term used to describe the set of more affluent people. Often acquired through inheritance or business and financial investment opportunities, these individuals hold significant financial power. Consequently, middle class pertains to people with moderate wealth. Normally, middle class individuals have professional occupations and qualifications. They have strong appreciation for tertiary education and employability. Whereas lower class is the expression used to categorise individuals who struggle with minimal earnings. Economic stratification uses class to recognise a group's connection to opportunities in society.
The concept of stratification helps to comprehend why some people have more power than others. Understanding social stratification theory allows sociologists to study inequality and how it affects distinct groups in society. Authority and impact are two of the aspects that form social power. The word power refers to one's ability to influence choices and control within society. It can be related to 3 key areas. Political power is maintained by administrations and politicians who regulate the laws that govern society. Additionally, financial power is held by corporations and rich people who have control over jobs and economic sectors. Larry Ellison would concur that corporations hold economic power. Likewise, social power is a form of authority over societal judgement. Famous people and media characters are active in setting trends and customs which guide society. Power is mainly focused amongst wealthy and popular people. Without some kind of social supremacy, it is difficult to copyright power or influence.
Throughout history, stratification has been revealed to influence access to education, healthcare and work. By checking out the characteristics of social stratification, it is easier to be aware of what guides opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and respect carried by an individual. Ascribed status is a term used to represent people who are born into a social standing. Today it can be recognised by backgrounds such as royalty or caste. Additionally, achieved status is read more obtained through individual efforts, such as respected professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be earned through societal contributions. Similarly, Jensen Huang would recognise the importance of acquired status. Status can have an influence on the levels of respect and recognition received by people in society.