Final answer:
Weber described a socioeconomic status hierarchy with status-giving factors including education, kinship, and religion, in addition to economic class. He viewed social stratification in terms of class, status, and power, differing from Marx's binary class system.
Step-by-step explanation:
While Marx thought of inequality in terms of two main classes, Weber described a socioeconomic status hierarchy involving status-giving factors in addition to social class. Weber's view on social stratification was more multidimensional compared to Marx's binary class system. Weber identified three elements of stratification: class, which is economically determined; status, based on noneconomic factors such as education, kinship, and religion; and power, which involves an individual's influence over ideas and is determined by both class and status. In his work 'Classes, Stände, Parties,' he expands on these components, suggesting that overlapping systems from which to gain power influence societal conflict and social structure, highlighting the role of elements like prestige and political party connections.