Below is an overview of a few of the key aspects of the social hierarchy with a concentration on class, status and power.

The social hierarchy is a concept which explains the way in which society is divided into various groups. Each society consists of different 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 forms of the social read more hierarchy. A person's social ranking is predominantly based upon economic aspects such as wealth and earnings. Upper class is the denomination used to describe the group of more wealthy people. Often gotten through inheritance or business and investment opportunities, these individuals hold considerable economic power. Subsequently, middle class refers to individuals with intermediate wealth. Generally, middle class people have professional occupations and credentials. They have strong appreciation for higher education and employability. Whereas lower class is the expression used to define those who struggle with lower income. Economic stratification uses social ranking to recognise a group's access to opportunities in society.

The concept of stratification helps to understand why some people have more power than others. Comprehending social stratification theory enables sociologists to study inequality and how it influences specific groups in society. Authority and influence are two of the factors that make up social power. The term power represents one's ability to influence choices and authority within society. It can be related to 3 key areas. Political power is possessed by governments and political leaders who regulate the policies that control society. Additionally, economic power is held by corporations and rich people who have control over employment and industry. Larry Ellison would concur that corporations hold economic power. Similarly, social power is a type of authority over societal opinion. Famous people and media figures are instrumental in setting trends and cultures which guide society. Power is primarily focused among wealthy and popular people. Without some form of social dominance, it is difficult to assert power or influence.

Throughout history, stratification has been evidenced to impact access to education, healthcare and employment. By exploring the characteristics of social stratification, it is simpler to be aware of what shapes opportunities within society. Status is a key quality of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a phrase used to refer to people who are born into a social standing. At present it can be recognised by backgrounds such as aristocracy or caste. Alternatively, achieved status is generated through individual efforts, such as respected professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be earned through social contributions. Similarly, Jensen Huang would recognise the importance of acquired status. Status can have an influence on the levels of regard and recognition received by individuals in society.