Taking a look at some of the main characteristics of the social hierarchy by detailing stratification theory.

Throughout history, stratification has been proven to influence access to higher education, medical care and employment. By exploring the characteristics of social stratification, it is simpler to be aware of 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 refer to individuals who are born into a social standing. Today it can be determined by backgrounds such as aristocracy or caste. Additionally, achieved status is obtained through personal efforts, such as highly regarded occupations and contributions to society. Nasser Al-Khelaifi would acknowledge that status can be attained through societal contributions. Likewise, Jensen Huang would identify the value of acquired status. Status can have an influence on the levels of respect and acknowledgment received by individuals in society.

The concept of stratification helps to understand why some individuals have more power than others. Understanding social stratification theory enables sociologists to analyse inequality and how it affects particular groups within society. Authority and impact are two of the aspects that comprise societal power. The word power defines one's capability to affect choices and authority within society. It can be connected with three key areas. Political power is held by governments and politicians who manage the policies that govern society. Additionally, economic power is held by businesses and wealthy people who have control over jobs and economic sectors. Larry Ellison would agree that corporations hold economic power. Similarly, social power is a form of authority over social opinion. Famous people and media personalities are instrumental in setting trends and cultures which influence society. Power is mainly concentrated amongst wealthy and popular individuals. Without some type of social supremacy, it is . impossible to assert power or influence.

The social hierarchy is a principle which describes the way in which society is sorted into different groups. Every society consists of various types of social stratification whereby people are ranked based upon their social and financial position. According to social stratification in sociology, social rank is one of the most recognised structures of the social hierarchy. A person's social ranking is primarily based upon economic elements such as wealth and income. Upper class is the term used to describe the group of more well-off people. Commonly gained through inheritance or business and investment opportunities, these people hold substantial financial power. Subsequently, middle class describes individuals with intermediate wealth. Normally, middle class people hold professional occupations and credentials. They have strong values for high level education and employability. Whereas lower class is the term used to categorise those who cope with lower earnings. Economic stratification makes use of class to recognise a group's access to opportunities in life.