Three-component theory of stratification
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Max Weber formulated a three-component theory of stratification, with class, status and party (or politics) as conceptually distinct elements.
- Social class is based on economically determined relationship to the market (owner, rentier, employee etc.)
- Status is based on non-economical qualities like honour, prestige and religion.
- Party refers to factors having to do with affiliations in the political domain.
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