The following is a summary of a few of the key aspects of the social hierarchy with an emphasis on class, status and power.

The social hierarchy is a principle which describes the way in which society is divided into various categories. Each society includes various types of social stratification where people are ranked based upon their social and financial position. According to social stratification in sociology, class is among the most perceivable components of the social hierarchy. A person's class is mainly based upon economic factors such read more as wealth and income. Upper class is the term used to describe the group of more wealthy individuals. Usually acquired through inheritance or business and investment opportunities, these people hold considerable financial power. Subsequently, middle class refers to people with moderate wealth. Generally, middle class individuals hold professional occupations and qualifications. They have strong values for tertiary academia and employability. While lower class is the expression used to recognise those who cope with lower income. Economic stratification makes use of class to recognise a group's connection to opportunities in life.

Throughout history, stratification has been revealed to impact access to higher education, healthcare and employment. By checking out the characteristics of social stratification, it is much easier to understand what guides opportunities within society. Status is a key attribute of stratification; it refers to the level of prestige and respect held by an individual. Ascribed status is a phrase used to describe individuals who are born into a social standing. Now it can be determined by backgrounds such as aristocracy or caste. Alternatively, achieved status is created through individual efforts, such as reputable professions and contributions to society. Nasser Al-Khelaifi would recognise that status can be earned through societal contributions. Similarly, Jensen Huang would recognise the importance of acquired status. Status can have an impact on the levels of respect and acknowledgment received by individuals in society.

The principle of stratification helps to comprehend why some people have more power than others. Comprehending social stratification theory allows sociologists to analyse inequality and how it influences particular groups within society. Authority and impact are two of the factors that form societal power. The word power refers to one's capability to influence choices and control within society. It can be associated with three key areas. Political power is possessed by authorities and politicians 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 agree that corporations hold financial power. Similarly, social power is a form of authority over societal opinion. Celebrities and media personalities are instrumental in setting trends and customs which guide society. Power is generally focused amongst rich and popular people. Without some form of social authority, it is difficult to copyright power or influence.