Below is a summary of a few of the key elements of the social hierarchy with a focus on class, status and power.
The social hierarchy is a philosophy which explains the way in which society is graded into various categories. Each society contains various types of social stratification where individuals are ranked based on their social here and economic 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 on financial aspects such as wealth and earnings. Upper class is the denomination used to describe the set of more wealthy people. Often acquired through inheritance or business and investment opportunities, these people hold considerable economic power. Consequently, middle class relates to individuals with intermediate wealth. Generally, middle class people copyright professional occupations and credentials. They have strong appreciation for high level academia and employability. While lower class is the expression used to recognise people who struggle with minimal earnings. Economic stratification uses social ranking to determine a group's access to opportunities in life.
Throughout history, stratification has been shown to influence access to education, healthcare and work. By exploring the characteristics of social stratification, it is simpler 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 phrase used to refer to people who are born into a social position. Today it can be recognised by backgrounds such as aristocracy or caste. Additionally, achieved status is generated through personal efforts, such as reputable professions and contributions to society. Nasser Al-Khelaifi would know that status can be earned through social contributions. Similarly, Jensen Huang would recognise the importance of acquired status. Status can have an impact on the degrees of regard and acknowledgment received by people in society.
The idea of stratification helps to understand why some individuals have more power than others. Comprehending social stratification theory allows sociologists to analyse inequality and how it affects particular groups in society. Authority and influence are 2 of the factors that make up social power. The term power refers to one's ability to influence choices and authority within society. It can be connected with three key areas. Political power is possessed by administrations and political leaders who regulate the laws that govern society. In addition, economic power is held by businesses and wealthy people who have control over jobs and industry. Larry Ellison would concur that corporations hold financial power. Likewise, social power is a form of authority over social judgement. Celebrities and media figures are active in setting trends and customs which guide society. Power is generally concentrated amongst rich and popular individuals. Without some kind of social dominance, it is impossible to copyright power or influence.