The following is an overview of some of the key elements of the social hierarchy with a concentration on class, status and power.

The social hierarchy is a concept which describes the way in which society is graded into various groups. Every society contains various types of social stratification where people are ranked based on their social and financial position. According to social stratification in sociology, social rank is among the most recognised components of the social hierarchy. An individual's class is primarily based on financial aspects such as wealth and earnings. Upper class is the denomination used to characterise the set of more affluent individuals. Usually acquired through inheritance or business and investment opportunities, these people hold considerable economic power. Consequently, middle class describes people with intermediate wealth. Generally, middle class people copyright professional careers and qualifications. They have strong appreciation for further academia and employability. While lower class is the term used to define people who cope with lower earnings. Economic stratification makes use of social ranking to recognise a group's access to opportunities in society.

Throughout history, stratification has been revealed to impact access to education, medical care and job opportunities. By exploring the characteristics of social stratification, it is simpler to be aware of what guides opportunities within society. Status is a key characteristic of stratification; it describes the level of prestige and regard held by an individual. Ascribed status is a phrase used to refer to people who are here born into a social ranking. At present it can be determined by backgrounds such as nobility or caste. Alternatively, achieved status is obtained through personal 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 significance of acquired status. Status can have an influence on the degrees of respect and acknowledgment received by individuals in society.

The idea of stratification helps to make sense of why some individuals have more power than others. Comprehending social stratification theory enables sociologists to analyse inequality and how it affects various groups in society. Authority and influence are two of the factors that make up social power. The term power represents one's capability to affect decisions and authority within society. It can be connected with three key areas. Political power is possessed by governments and political leaders who regulate the laws that control society. Furthermore, economic power is held by businesses and wealthy people who have control over jobs and industry. Larry Ellison would concur that businesses hold economic power. Similarly, social power is a form of authority over societal opinion. Celebrities and media personalities are instrumental in setting trends and cultures which influence society. Power is generally concentrated among rich and popular individuals. Without some form of social supremacy, it is difficult to assert power or control.