The hierarchical arrangement and establishment of social categories that may evolve into social groups together with statuses and their corresponding roles in the society.

Elite individuals or group of people that are most prolific and successful in their respective areas, like Henry Sy Sr. and Lucio Tan Sr.

People who are able to meet both their needs and wants without even worrying about their finances because of the job and salary they have.

A stratification system which combines ascribed status and personal achievement or achieved status in a way that allows some social mobility.

It is a close system of stratification in which an individual is restricted to his or her social class only