The document discusses social stratification as the hierarchical classification of society based on an unequal distribution of rights, privileges, and resources. It distinguishes between ascribed statuses, assigned by society, and achieved statuses, earned through individual effort, while identifying factors such as power, prestige, and wealth that influence one's social standing. Furthermore, it outlines various dimensions of social stratification, including income sources, occupation, education, housing types, location of residence, and kinship.