Final answer:
Social stratification refers to a society's categorization of its people into rankings based on factors like wealth, income, education, occupation, and power. When a number of individuals occupy the same relative economic rank in the stratification system, it is called a social class.
Step-by-step explanation:
Social stratification refers to a society's categorization of its people into rankings of socioeconomic tiers based on factors like wealth, income, education, occupation, and power. When a number of individuals occupy the same relative economic rank in the stratification system, it is called a social class. Social class is determined by how much money a person makes, what kind of job they have, and their level of education.