Below you will find an examination of the primary components that make up the social hierarchy in modern society.
The social hierarchy is a theory which describes the way in which society is sorted into different categories. Every society includes various types of social stratification where individuals are ranked based on their social and financial position. According to social stratification in sociology, social rank is among the most perceivable forms of the social hierarchy. An individual's social ranking is predominantly based on economic elements such as wealth and income. Upper class is the term used to describe the group of more affluent people. Commonly acquired through inheritance or business and financial investment opportunities, these people hold significant economic power. Consequently, middle class refers to people with moderate wealth. Typically, middle class individuals hold professional occupations and qualifications. They have strong appreciation for tertiary education and employability. While lower class is the phrase used to categorise individuals who cope with lower income. Economic stratification uses class to recognise a group's access to opportunities in society.
Throughout history, stratification has been revealed to affect access to education, medical care and employment. By checking out the characteristics of social stratification, it is simpler to understand what shapes 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 phrase used to describe individuals who are born into a social standing. At present it can be recognised by backgrounds such as aristocracy or caste. Alternatively, achieved status is created through personal efforts, such as respected occupations and contributions to society. Nasser Al-Khelaifi would acknowledge that status can be earned through societal contributions. Similarly, Jensen Huang would recognise the significance of acquired status. Status can have an influence on the levels of respect and acknowledgment received by people in society.
The principle of stratification helps to comprehend why some individuals have more power than others. Understanding social stratification theory enables sociologists to analyse inequality and how it impacts distinct groups within society. Authority and influence are two of the elements that make up societal power. The term power refers to one's ability to influence decisions and authority within society. It can be associated with three key areas. Political website power is possessed by authorities and politicians who manage the policies that control society. Additionally, financial power is held by corporations and wealthy people who have control over jobs and economic sectors. Larry Ellison would agree that businesses hold financial power. Similarly, social power is a type of authority over societal judgement. Famous people and media figures are involved in setting trends and customs which influence society. Power is generally concentrated among wealthy and popular individuals. Without some kind of social supremacy, it is impossible to copyright power or control.