Society has a hierarchical component at its core or as a necessity. Max Weber defined this stratification in the society based on division or categorization of communities. These separated communities vary in the degree of social status or prestige that each one of them is designated with. 

Weber pointed down three main dimensions of Social stratification: 1] economic class, 2] social status, 3] political power or party. Each of these dimensions has a characteristic that separates or differs from other dimensions. For example, the economic class is concerned with the income earned and the possession of goods and services; the economic class deals with monetary classification. 

Social status depicts the degree of power or honour, and social respect one possesses; this dimension is mainly concerned with societal reputation. Lastly, the third dimension, political power or party, is the most important concept that lays control and is directly linked with social honour. 

Three class system

The three-component theory of stratification, also known as the Weberian stratification or the three class system, was developed by a sociologist known as Max Weber. The theory that he proposed shows a fine intermingle between three main components of the society, which are separated and segregated but are related to each other in a multidimensional way. 

The three dimensions that he proposed were related to class, prestige, and political power. Among all of these dimensions, the concept of power was the most prominent category, as it could be expressed in a variety of forms. 

Three main dimensions

• Wealth or economic class 
• Social status or prestige 
• A political party or political power

Power

Humans have an innate need to control and express their power; this is transformed in the societal structure in various social stratification dimensions. The economic, social, and political powers are intertwined with each other, and the element of power has immense respect and social respect among society. For example: among two business partners, A and B, one might be the dominant one, and another partner that is B would also obey A more against his own will, and this might be the case because of the more economical, social, and political capital that the partner A might be possessing. Even the business equity might be more with partner A. 

Economic Class 

This includes property like land, buildings, farms, houses, and factories, everything related to the monetary and economic situation and class. This dimension of social stratification, to a very great extent, is about the monetary power that one can be imbibed with. The more financial assets, the higher is the economic class or recognition.

Economic class and power: 

 This is depicted with the economic class of an individual in a market. The number of assets or financial capital that an individual comprises determines their class. This classification exists because of the unequal distribution of the material as explained by Weber, and thus, if someone already has or owns what you need or desire, then they come to a dominant position; a classic example of this is an employer-employee relationship. 

Social status

It depicts the social position, prestige, and social recognition that determines one’s social status. This dimension is mostly about the respect and social connections that make one individual more powerful than the other. 

 Social status and power:

The social groups are formed and made on a different basis: 

• The restricted pattern of social intercourse
• Sharing of resources within a particular group 
• Traditions and customs
• Acquisition of certain economic capitals or avoidance of certain economic capitals

This dimension is mostly about the respect and social connections that make one individual more powerful than the other. Social status is regarded as the more prominent and powerful connections that one might have. 

Political party

Political party in a social stratification is determined as a group or community of people who are very high in terms of power and prestige that they have because of their job or role in the society which gives them a position of dominance over a greater mass. 

Political party and power

A political party has the authority or power to participate in constituent works that help in the formation of laws and governing the nation, it is this prominent role that gives them a position of dominance.

Their influence is not just limited within a group, and thus their power and dominance are more. Political parties have many social connections, which are high graded and thus also aid in the contribution of power and dominance. 

Conclusion

Through these three main dimensions social stratification is laid down. These dimensions showcase some aspect of power in their terms, like the economy in terms of income and monetary. Social in terms of respect and prestige while a political party with a community determines towards one goal with immense power. These dimensions amalgamate together in depicting this very innate concept of power and are directly related to each other. Marx weber, the famous sociologist, came up with these three main dimensions and eased the process of social categorization and distinction. This social stratification is also known as the three-component theory.