The following is a summary of a few of the key elements of the societal 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 various types of social stratification whereby individuals are ranked based on their social and financial position. According to social stratification in sociology, social rank is one of the most recognised structures of the social hierarchy. A person's social ranking is primarily based upon financial aspects such as wealth and income. Upper class is the denomination used to characterise the group of more affluent people. Usually acquired through inheritance or business and investment opportunities, these people hold substantial economic power. Consequently, middle class refers to individuals with moderate wealth. Generally, middle class individuals hold professional occupations and credentials. They have strong values for high level education and employability. While lower class is the phrase used to categorise individuals who cope with minimal income. Economic stratification uses social ranking to determine a group's access to opportunities in society.
The idea 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 various groups in society. Authority and impact are two of the factors that make up social power. The term power represents one's capability to affect choices and authority within society. It can be connected with 3 key areas. Political power is possessed by administrations and political leaders who regulate the policies that govern society. Additionally, financial power is held by businesses and rich people who have control over jobs and economic sectors. Larry Ellison would agree that businesses hold financial power. Likewise, social power is a form of authority over social judgement. Famous people and media personalities are involved in setting trends and cultures which influence society. Power is mainly focused among wealthy and popular people. Without some form of social supremacy, it is impossible to assert power or control.
Throughout history, stratification has been proven to impact access to education, healthcare and job opportunities. By checking out the characteristics of social stratification, it is much easier to be aware of what guides opportunities within society. Status is a key quality of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a term used to represent individuals who are born into a social position. At present it can be determined by backgrounds such as nobility or caste. Additionally, achieved status is obtained through personal efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would know that status can be earned through social contributions. Similarly, Jensen Huang would acknowledge the value of acquired status. Status can have an influence on the levels of regard and acknowledgment received by individuals in society.