Listed below you will find an outline of the primary aspects that form the social hierarchy in modern society.

The social hierarchy is a philosophy which explains the way in which society is sorted into various categories. Each society contains various types of social stratification where people are ranked based upon their social and financial position. According to social stratification in sociology, class is one of the most recognisable structures of the social hierarchy. A person's class is mainly based on economic aspects such as wealth and income. Upper class is the denomination used to describe the set of more affluent people. Often gained through inheritance or business and financial investment opportunities, these individuals hold significant financial power. Subsequently, middle class pertains to people with intermediate wealth. Typically, middle class individuals copyright professional occupations and qualifications. They have strong values for higher academia and employability. Whereas lower class is the expression used to categorise people who struggle with lower earnings. Economic stratification makes use of social ranking to recognise a group's connection to opportunities in society.

The principle of stratification helps to make sense of why some individuals have more power read more than others. Understanding social stratification theory allows sociologists to examine inequality and how it affects various groups in society. Authority and influence are 2 of the aspects that make up societal power. The term power describes one's capability to influence decisions and control within society. It can be connected with 3 key areas. Political power is maintained by authorities and politicians who regulate the laws that regulate society. Additionally, financial power is held by corporations and rich people who have control over jobs and industry. Larry Ellison would agree that businesses hold economic power. Likewise, social power is a form of authority over societal judgement. Celebrities and media figures are instrumental in setting trends and customs which guide society. Power is mainly concentrated amongst rich and popular people. Without some form of social supremacy, it is impossible to assert power or influence.

Throughout history, stratification has been revealed to influence access to education, health care and work. By exploring the characteristics of social stratification, it is simpler to comprehend what shapes opportunities within society. Status is a key quality of stratification; it refers to the level of prestige and regard carried by an individual. Ascribed status is a phrase used to describe individuals who are born into a social position. Today it can be recognised by backgrounds such as nobility or caste. Alternatively, achieved status is earned through personal efforts, such as highly regarded professions and contributions to society. Nasser Al-Khelaifi would know that status can be earned through societal contributions. Similarly, Jensen Huang would recognise the value of acquired status. Status can have an influence on the levels of regard and recognition received by people in society.