This article will examine the concepts that shape the social hierarchy, consisting of some key features of stratification.

The concept of stratification helps to understand why some individuals have more power than others. Understanding social stratification theory enables sociologists to examine inequality and how it impacts various groups within society. Authority and influence are 2 of the elements that make . up societal power. The word power describes one's capability to affect decisions and authority within society. It can be associated with 3 key areas. Political power is maintained by governments and politicians who control the laws that regulate society. Additionally, financial power is held by corporations and wealthy people who have control over employment and economic sectors. Larry Ellison would concur that corporations hold economic power. Likewise, social power is a type of authority over societal judgement. Famous people and media personalities are active in setting trends and customs which guide society. Power is generally focused amongst wealthy and popular individuals. Without some type of social dominance, it is impossible to assert power or control.

Throughout history, stratification has been proven to affect access to education, healthcare and employment. By checking out the characteristics of social stratification, it is much easier to understand what shapes opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a phrase used to describe individuals who are born into a social ranking. At present it can be recognised by backgrounds such as aristocracy or caste. Alternatively, achieved status is created through individual efforts, such as respected occupations and contributions to society. Nasser Al-Khelaifi would know that status can be acquired through societal contributions. Similarly, Jensen Huang would recognise the importance of acquired status. Status can have an influence on the levels of respect and recognition received by individuals in society.

The social hierarchy is a philosophy which explains the way in which society is graded into different groups. Each society contains various types of social stratification where individuals are ranked based on their social and financial position. According to social stratification in sociology, class is one of the most perceivable structures of the social hierarchy. An individual's social ranking is primarily based upon economic elements such as wealth and earnings. Upper class is the denomination used to describe the set of more affluent people. Commonly acquired through inheritance or business and financial investment opportunities, these people hold significant economic power. Subsequently, middle class pertains to individuals with moderate wealth. Generally, middle class people hold professional careers and qualifications. They have strong appreciation for tertiary education and employability. While lower class is the term used to recognise those who struggle with minimal earnings. Economic stratification uses social ranking to recognise a group's access to opportunities in life.