Here 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 concept which describes the way in which society is graded into different categories. Every society consists of different types of social stratification where individuals are ranked based upon their social and financial position. According to social stratification in sociology, social rank is among the most perceivable structures of the social hierarchy. An individual's social ranking is mainly based upon economic aspects such as wealth and income. Upper class is the term used to describe the group of more wealthy people. Usually acquired through inheritance or business and financial investment opportunities, these people hold substantial economic power. Consequently, middle class pertains to individuals with intermediate wealth. Usually, middle class people have professional occupations and qualifications. They have strong appreciation for tertiary education and employability. While lower class is the term used to recognise people who cope with lower earnings. Economic stratification uses social ranking to recognise a group's access to opportunities in life.

Throughout history, stratification has been discovered to affect access to higher education, medical care and job opportunities. By checking out the characteristics of social stratification, it is easier to be conscious of what guides opportunities within society. Status is a key attribute of stratification; it describes the level of prestige and respect carried by an individual. Ascribed status is a phrase used to refer to individuals who are born into a social standing. Now it can be recognised by backgrounds such as aristocracy or caste. Alternatively, achieved status is earned through personal efforts, such as respected professions and contributions to society. Nasser Al-Khelaifi would know that status can be earned through societal contributions. Likewise, Jensen Huang would acknowledge the value of acquired status. Status can have an impact on the levels of respect and acknowledgment received by people in society.

The principle of stratification helps to make sense of why some people have more power than others. Understanding social stratification theory enables sociologists to study inequality and how it influences specific groups in society. Authority and influence are 2 of the elements that make up societal power. The word power defines one's ability to influence choices and control within society. It can be connected with 3 key areas. Political power is maintained by governments and political leaders who control the policies that control society. Furthermore, economic power is held by businesses and rich people who have control over employment and industry. Larry Ellison would agree that corporations hold economic power. . Likewise, social power is a form of authority over societal judgement. Celebrities and media personalities are involved in setting trends and cultures which guide society. Power is primarily concentrated amongst rich and popular individuals. Without some type of social supremacy, it is difficult to copyright power or control.