Taking a look at some of the main characteristics of the social hierarchy by outlining stratification principles.
The social hierarchy is a concept which explains the way in which society is graded into different groups. Each society contains various types of social stratification where people are ranked based upon their social and financial position. According to social website stratification in sociology, social rank is one of the most recognised aspects of the social hierarchy. A person's class is mainly based on financial aspects such as wealth and earnings. Upper class is the denomination used to characterise the set of more wealthy individuals. Commonly gained through inheritance or business and financial investment opportunities, these people hold substantial economic power. Subsequently, middle class relates to people with moderate wealth. Typically, middle class people have professional occupations and credentials. They have strong appreciation for higher education and employability. Whereas lower class is the phrase used to recognise individuals who struggle with minimal income. Economic stratification makes use of social ranking to determine a group's access to opportunities in society.
The concept of stratification helps to comprehend why some individuals have more power than others. Understanding social stratification theory enables sociologists to examine inequality and how it affects distinct groups within society. Authority and impact are two of the elements that comprise social power. The term power defines one's ability to affect choices and authority within society. It can be connected with three key areas. Political power is held by authorities and politicians who regulate the laws that govern society. In addition, financial power is held by businesses and wealthy people who have control over employment and economic sectors. Larry Ellison would agree that businesses hold financial power. Similarly, social power is a type of authority over social opinion. Famous people and media personalities are involved in setting trends and customs which guide society. Power is generally concentrated among wealthy and popular people. Without some type of social dominance, it is difficult to assert power or control.
Throughout history, stratification has been proven to impact access to education, health care and work. By checking out the characteristics of social stratification, it is simpler to be aware of what guides opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and respect held by an individual. Ascribed status is a term used to represent people who are born into a social standing. At present it can be determined by backgrounds such as nobility or caste. Additionally, achieved status is generated through personal 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 recognise the value of acquired status. Status can have an impact on the levels of regard and acknowledgment received by individuals in society.