Explain stratification as it relates to socioeconomic status.
Social stratification is a society's categorization of people into socioeconomicstrata, based upon their occupation and income, wealth and social status, or derived power (social and political). ... Moreover, a social stratum can be formed upon the bases of kinship or caste, or both.
According to their employment and income, wealth and social standing, or derived power (social and political), persons are classified into socioeconomic strata through social stratification.
Socioeconomic stratification is a phenomenon that induces:
Hence one of the ways of correcting social stratification is to create a system that helps to equalize everyone.
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