Max Weber's three dimensions of stratification

The German sociologist Max Weber developed a theory proposing that stratification is based on three factors that have become known as "the three p's of stratification": property, prestige and power. He claimed that social stratification is a result of the interaction of wealth, prestige and power.

* Property refers to one's material possessions and their life chances. If someone has control of property, that person has power over others and can use the property to his or her own benefit.
* Prestige is also a significant factor in determining one's place in the stratification system. The ownership of property is not always going to assure power, but there are frequently people with prestige and little property.
* Power is the ability to do what one wants, regardless of the will of others. (Domination, a closely related concept, is the power to make others' behavior conform to one's commands). This refers to two different types of power, which are possession of power and exercising power. For example, some people in charge of the government have an immense amount of power, and yet they do not make much money.

Max Weber developed various ways that societies are organized in hierarchical systems of power. These ways are social status, class power and political power.

* Social Status: If you view someone as a social superior, that person will have power over you because you believe that person has a higher status than you do.
* Class Power: This refers to unequal access to resources. If you have access to something that someone else needs, that can make you more powerful than the person in need. The person with the resource thus has bargaining power over the other.
* Political Power: Political power can influence the hierarchical system of power because those that can influence what laws are passed and how they are applied can exercise power over others.