Three-component theory of stratification

From Wikipedia, the free encyclopedia

The three-component theory of stratification was developed by German sociologist Max Weber with class, status and party as distinct ideal types. Weber developed a multidemensional approach to social straification that reflects the interplay among wealth, prestige, and power.

• Wealth: includes property such as buildings, lands, farms, houses, factories and as well as other assets
• Prestige: the respect with which a person or status position is regarded by others
• Power: the ability of people or groups to achieve their goals despite opposition from others.