Listed below you will find an outline of the primary aspects that make up the social hierarchy in modern society.
The social hierarchy is a concept which explains the way in which society is graded into various categories. Each society consists of different types of social stratification whereby individuals are ranked based on their social and economic position. According to social stratification in sociology, social rank is one of the most recognisable forms of the social hierarchy. An individual's social ranking is mainly based upon financial elements such as wealth and earnings. Upper class is the term used to characterise the set of more wealthy individuals. Commonly acquired through inheritance or business and investment . opportunities, these individuals hold substantial economic power. Subsequently, middle class relates to individuals with moderate wealth. Normally, middle class individuals have professional occupations and qualifications. They have strong appreciation for further education and employability. While lower class is the phrase used to categorise those who struggle with lower income. Economic stratification makes use of class to recognise a group's connection to opportunities in life.
The concept of stratification helps to make sense of why some people have more power than others. Comprehending social stratification theory allows sociologists to examine inequality and how it impacts specific groups in society. Authority and influence are two of the elements that make up social power. The term power defines one's capability to affect choices and control within society. It can be associated with three key areas. Political power is held by authorities and politicians who regulate the policies that control society. Furthermore, economic power is held by businesses and wealthy people who have control over employment and economic sectors. Larry Ellison would agree that businesses hold economic power. Likewise, social power is a form of authority over social opinion. Celebrities and media figures are instrumental in setting trends and customs which influence society. Power is mainly concentrated among wealthy and popular individuals. Without some form of social dominance, it is impossible to copyright power or control.
Throughout history, stratification has been evidenced to affect access to education, healthcare and work. By exploring the characteristics of social stratification, it is easier to be aware of what guides opportunities within society. Status is a key characteristic of stratification; it refers to the level of prestige and respect carried by an individual. Ascribed status is a term used to represent people who are born into a social ranking. Now it can be determined by backgrounds such as nobility or caste. Alternatively, achieved status is created through individual efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would know that status can be earned through societal contributions. Likewise, Jensen Huang would recognise the importance of acquired status. Status can have an impact on the degrees of regard and recognition received by individuals in society.