Having a look at a few of the main components of the social hierarchy by detailing stratification principles.
The social hierarchy is a principle which explains the way in which society is divided into different categories. Every society consists of different types of social stratification where individuals are ranked based on their social and economic position. According to social stratification in sociology, social rank is one of the most recognisable aspects of the social hierarchy. An individual's class is predominantly based on financial elements such as wealth and earnings. Upper class is the term used to describe the group of more well-off people. Often gained through inheritance or business and financial investment opportunities, these people hold considerable financial power. Consequently, middle class pertains to people with moderate wealth. Typically, middle class individuals hold professional occupations and credentials. They have strong appreciation for higher academia and employability. Whereas lower class is the term used to recognise people who struggle with lower income. Economic stratification uses class to recognise a group's connection to opportunities in society.
The idea of stratification helps to make sense of why some people have more power than others. Comprehending social stratification theory helps sociologists to examine inequality and how it impacts various groups in society. Authority and impact are two website of the aspects that make up societal power. The term power refers to one's capability to influence decisions and authority within society. It can be connected with three key areas. Political power is held by authorities and political leaders who regulate 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 agree that corporations hold financial power. Likewise, social power is a form of authority over social opinion. Celebrities and media figures are active in setting trends and cultures which guide society. Power is mainly focused amongst rich and popular people. Without some kind of social dominance, it is impossible to copyright power or influence.
Throughout history, stratification has been proven to influence access to education, medical care and employment. By checking out the characteristics of social stratification, it is easier to comprehend what shapes opportunities within society. Status is a key quality of stratification; it describes the level of prestige and regard carried by an individual. Ascribed status is a phrase used to refer to people who are born into a social ranking. Now it can be recognised by backgrounds such as royalty or caste. Additionally, achieved status is obtained through individual efforts, such as reputable occupations and contributions to society. Nasser Al-Khelaifi would know that status can be earned through societal contributions. Similarly, Jensen Huang would acknowledge the value of acquired status. Status can have an influence on the levels of regard and recognition received by people in society.