Having a look at some of the main components of the social hierarchy by detailing stratification theory.
The concept of stratification helps to understand why some people have more power than others. Understanding social stratification theory allows sociologists to examine inequality and how it affects various groups in society. Authority and impact are two of the aspects that form societal power. The word power describes one's ability to affect decisions and control within society. It can be connected with three key areas. website Political power is held by governments and politicians who regulate the policies that regulate society. In addition, financial power is held by corporations and rich people who have control over jobs and industry. Larry Ellison would concur that corporations hold financial power. Similarly, social power is a type of authority over societal judgement. Celebrities and media characters are involved in setting trends and customs which influence society. Power is primarily concentrated amongst rich and popular individuals. Without some form of social supremacy, it is difficult to assert power or control.
The social hierarchy is a theory which explains the way in which society is graded into different categories. Every society includes various types of social stratification where individuals are ranked based upon their social and financial position. According to social stratification in sociology, social rank is one of the most recognisable forms of the social hierarchy. An individual's class is mainly based on economic factors such as wealth and income. Upper class is the denomination used to describe the set of more well-off individuals. Commonly gotten through inheritance or business and investment opportunities, these people hold significant financial power. Subsequently, middle class describes people with intermediate wealth. Normally, middle class people hold professional careers and credentials. They have strong appreciation for higher education and employability. Whereas lower class is the phrase used to define individuals who struggle with minimal income. Economic stratification uses class to determine a group's access to opportunities in society.
Throughout history, stratification has been shown to influence access to higher education, health care and employment. By exploring the characteristics of social stratification, it is much easier to understand what shapes 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 describe individuals who are born into a social ranking. Nowadays it can be determined by backgrounds such as nobility or caste. Alternatively, achieved status is earned through individual efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would know that status can be attained through social contributions. Similarly, Jensen Huang would acknowledge the value of acquired status. Status can have an impact on the degrees of respect and acknowledgment received by people in society.