Outlining significant social mobility ideas

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

The concept of stratification helps to make sense of why some individuals have more power than others. Understanding social stratification theory enables sociologists to study inequality and how it affects distinct groups within society. Authority and impact are two of the elements that make up societal power. The word power represents one's capability to affect decisions and authority within society. It can be related to three key areas. Political power is maintained by authorities and political leaders who manage the policies that regulate society. Additionally, economic power is held by corporations and wealthy people who have control over jobs 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 characters are active in setting trends and cultures which guide society. Power is primarily focused among wealthy and popular people. Without some kind of social supremacy, it is difficult to assert power or control.

Throughout history, stratification has been proven to impact access to education, healthcare and work. By checking out the characteristics of social stratification, it is easier to be conscious of what guides opportunities within society. Status is a key characteristic of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a term used to represent people who are born into a social standing. Nowadays it can be determined by backgrounds such as aristocracy or caste. Alternatively, achieved status is generated through individual efforts, such as reputable occupations and contributions to society. Nasser Al-Khelaifi would know that status can be earned through social contributions. Likewise, Jensen Huang would identify the importance of acquired status. Status can have an influence on the degrees of regard and acknowledgment received by people in society.

The social hierarchy is a philosophy which describes the way in which society is graded into various categories. Each society consists of various types of social stratification whereby people are ranked based on their social and economic position. According to social stratification in sociology, class is one of the most perceivable components of the social hierarchy. A person's social ranking is predominantly based upon financial elements such as wealth and earnings. Upper class is the term used to characterise the group of more well-off people. Usually gained through inheritance or business and investment opportunities, these individuals hold considerable financial power. . Subsequently, middle class pertains to people with intermediate wealth. Normally, middle class individuals have professional occupations and credentials. They have strong appreciation for tertiary academia and employability. While lower class is the phrase used to recognise people who cope with minimal earnings. Economic stratification makes use of social ranking to determine a group's access to opportunities in society.