Below you will find an explanation of the primary aspects that form the social hierarchy in today's society.

The social hierarchy is a concept which describes the way in which society is sorted into various groups. Each society contains various types of social stratification whereby people are ranked based on their social and financial position. According to social stratification in sociology, class is among the most recognised components of the social hierarchy. A person's class is mainly based on financial elements such as wealth and income. Upper class is the term used to characterise the set of more wealthy individuals. Commonly gotten through inheritance or business and financial investment opportunities, these individuals hold substantial economic power. Consequently, middle class relates to people with intermediate wealth. Typically, middle class individuals copyright professional occupations and qualifications. They have strong values for further academia and employability. Whereas lower class is the phrase used to recognise those who cope with minimal earnings. Economic stratification makes use of class to determine a group's access to opportunities in society.

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 guides 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 describe people who are born into a social standing. At present it can be recognised by backgrounds such as nobility or caste. Alternatively, achieved status is obtained through personal efforts, such as highly regarded occupations 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 influence on the degrees of regard and acknowledgment received by individuals in society.

The concept of stratification helps to understand why some people have more power than others. Understanding social stratification theory allows sociologists to analyse inequality and how it affects various groups within society. Authority and impact are 2 of the factors that make up social power. The term power describes one's capability to affect decisions and authority within society. It can be connected with 3 key areas. Political power is maintained by governments and political . leaders who manage the policies that govern society. Furthermore, economic power is held by businesses and rich people who have control over employment and economic sectors. Larry Ellison would concur that businesses hold economic power. Similarly, social power is a type of authority over societal judgement. Famous people and media figures are involved in setting trends and cultures which guide society. Power is mainly concentrated among wealthy and popular individuals. Without some form of social supremacy, it is difficult to assert power or control.