Differentiation - This is a method of identifying the social characteristics of people by identifying their social categories., Stratification - This is a system by which a society ranks categories of people in a hierarchy according to power, wealth, and prestige., Social Classes - This is the composition of upper class, middle class, and lower class., Class System - This social stratification is practiced in United States where individuals are freely given the chance to change and achieve their social status., Inter-generational Mobility - This happens when the social position changes from one generation to another. The change can be upward or downward., Upward Mobility - It is when a person moves from a lower position in society to a higher one. It can also include people occupying higher positions in the same societal group. However, upward mobility, while seen as a good thing, can also come at a cost for individuals., Downward Mobility - It takes place when a person moves from a higher position in society to a lower one. It happens when someone is caught performing a wrongful act that can result in the loss of the position they currently hold., Vertical mobility - It is a change in the occupational, political, or religious status of a person that causes a change in their societal position. A person or social object moves from one social class to another., Horizontal mobility - This happens when a person changes their occupation but their overall social standing remains unchanged., Lower Class - These are people who are the skilled artisan, farm employees, underemployed, and indigent families. Because of the given status in life, these people lack revenue or income and educational training or background., Middle Class - These people are mostly professional individuals or groups of people like lawyers, doctors, managers, small business owners, and executives who work in the corporate world., Upper Class - These people may be stockholders and investors in very huge well-known companies from different industries here and in here and in abroad.,

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