The Social Class Model of Society
A way of understanding how societies are structured by categorizing individuals into hierarchical groups based on shared socioeconomic factors.

Socioeconomic Factors: Class divisions are typically based on factors such as:
  • Wealth: The total value of assets (property, investments, etc.).
  • Income: Earnings from wages, salaries, and investments.
  • Education: Level of formal schooling.
  • Occupation: The type of work a person does, often reflecting status and income.
  • Social Status/Prestige: The level of honor or respect associated with a person's social standing.
  • Power: The ability to influence others and achieve one's goals.