The document discusses sociological theories of social stratification. It describes functionalist perspectives that stratification serves important functions by motivating people to take on complex work. It outlines Marx's conflict theory, describing the bourgeoisie who own means of production and proletariat who are workers. The document also differentiates among the three dimensions of stratification - class based on economic position and wealth, status based on prestige and popularity, and power based on ability to achieve goals despite resistance from others.