Below you will find an explanation of the primary components that form the social hierarchy in today's society.
The social hierarchy is a theory which explains the way in which society is graded into various categories. Each society consists of various types of social stratification where people are ranked based on their social and economic position. According to social stratification in sociology, class 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 denomination used to characterise the set of more affluent people. Commonly gotten through inheritance or business and investment opportunities, these people hold substantial economic power. Consequently, middle class describes individuals with intermediate wealth. Normally, middle class individuals have professional careers and credentials. They have strong values for higher academia and employability. Whereas lower class is the expression used to recognise individuals who struggle with minimal earnings. Economic stratification makes use . of class to determine a group's access to opportunities in society.
Throughout history, stratification has been discovered to influence access to education, medical care and employment. By checking out the characteristics of social stratification, it is much easier to comprehend what guides opportunities within society. Status is a key characteristic of stratification; it describes the level of prestige and regard carried by an individual. Ascribed status is a term used to describe people who are born into a social standing. At present it can be determined by backgrounds such as royalty or caste. Alternatively, achieved status is created through personal efforts, such as reputable occupations and contributions to society. Nasser Al-Khelaifi would recognise that status can be gained through social contributions. Similarly, Jensen Huang would identify the significance of acquired status. Status can have an impact on the degrees of respect and recognition received by individuals in society.
The idea of stratification helps to comprehend why some individuals have more power than others. Understanding social stratification theory allows sociologists to examine inequality and how it influences various groups in society. Authority and impact are two of the elements that comprise societal power. The word power represents one's ability to affect choices and authority within society. It can be associated with 3 key areas. Political power is held by governments and political leaders who regulate the policies that regulate society. Furthermore, economic power is held by corporations and wealthy people who have control over jobs and economic sectors. Larry Ellison would concur that businesses hold financial power. Likewise, social power is a type of authority over social opinion. Celebrities and media characters are involved in setting trends and customs which influence society. Power is generally concentrated among wealthy and popular people. Without some type of social dominance, it is difficult to copyright power or influence.