What does "social stratification" refer to?

Social stratification refers to the hierarchical arrangement of individuals within a society based on various factors such as wealth, income, education, and social status. This concept describes how society is structured into different layers or strata, where some individuals or groups hold more power and resources than others. The idea emphasizes that wealth is not randomly distributed throughout society; instead, it is organized in a way that creates distinct social classes. These classes are often characterized by differing levels of access to resources and opportunities, leading to inequalities and varying life chances among individuals. Understanding social stratification is crucial to analyzing social dynamics and the resulting implications for individuals and society as a whole.