Answer: In his landmark publications, such as the Systema Naturae, Carl Linnaeus used a ranking scale limited to kingdom, class, order, genus, species, and one rank below species. Today, the nomenclature is regulated by the nomenclature codes. There are seven main taxonomic ranks: kingdom, phylum or division, class, order, family, genus, and species. In addition, domain (proposed by Carl Woese) is now widely used as a fundamental rank, although it is not mentioned in any of the nomenclature codes, and is a synonym for dominion (lat. dominium), introduced by Moore in 1974.[3][4]
Explanation: A taxon is usually assigned a rank when it is given its formal name. The basic ranks are species and genus. When an organism is given a species name it is assigned to a genus, and the genus name is part of the species name.
The species name is also called a binomial, that is, a two-term name. For example, the zoological name for the human species is Homo sapiens. This is usually italicized in print or underlined when italics are not available. In this case, Homo is the generic name and it is capitalized; sapiens indicates the species and it is not capitalized.