What is social stratification?

Social stratification refers to a social differentiation in which members who belong to a specific society are grouped according to socioeconomic strata.

Explanation:

Social stratification is used to group the members of a specific society according to socioeconomic strata. This differentiation is made through the analysis of their occupation, wealth as well as social status. Thus, stratification can be defined as the social position that people have in certain social groups, geographic regions or categories.

In some modern societies, social stratification is related to three social classes, the upper class, the middle class, as well as the lower class. Social stratification is a process that takes place in all societies.  

well its not not rising unemployment and falling inflation.

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