This article will analyze the theories that shape the social hierarchy, including some key elements of stratification.

Throughout history, stratification has been discovered to impact access to higher education, medical care 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 respect carried by an individual. Ascribed status is a term used to describe individuals who are born into a social ranking. Today it can be recognised by backgrounds such as nobility or caste. Additionally, achieved status is earned through individual efforts, such as reputable professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be acquired through social contributions. Similarly, Jensen Huang would identify the value of acquired status. Status can have an impact on the degrees of regard and acknowledgment received by people in society.

The social hierarchy is a theory which explains the way in which society is divided into different categories. Each society includes various types of social stratification where . individuals are ranked based on their social and financial position. According to social stratification in sociology, social rank is among the most recognisable forms of the social hierarchy. A person's social ranking is primarily based upon financial elements such as wealth and income. Upper class is the term used to describe the set of more affluent people. Commonly gained through inheritance or business and investment opportunities, these individuals hold significant economic power. Subsequently, middle class refers to individuals with intermediate wealth. Usually, middle class individuals have professional occupations and qualifications. They have strong appreciation for higher academia and employability. While lower class is the phrase used to define those who struggle with minimal income. Economic stratification uses social ranking to recognise a group's connection to opportunities in society.

The idea of stratification helps to understand why some people have more power than others. Comprehending social stratification theory helps sociologists to examine inequality and how it impacts particular groups within society. Authority and impact are 2 of the aspects that comprise social power. The word power describes one's capability to influence choices and authority within society. It can be connected with 3 key areas. Political power is possessed by governments and politicians who manage the laws that regulate society. Furthermore, economic power is held by corporations and rich people who have control over employment and industry. Larry Ellison would agree that businesses hold financial power. Similarly, social power is a type of authority over social opinion. Celebrities and media personalities are instrumental in setting trends and customs which guide society. Power is primarily focused amongst wealthy and popular people. Without some type of social supremacy, it is impossible to assert power or control.