A system by which society ranks categories and people in a hierarchy. Income - $ coming in from salaries and wages. Wealth - total assets - car, home, savings, investments. Forms of capital (each are affected by stratification) Social capital - connections and networks you have access to. Cultural capital - knowledge of culture you"re operating in. Human capital - own set of experience and abilities. A level of unacceptable deprivation with regard to necessary resources to live. Absolute poverty - unable to have basic needs met that will allow for sustaining a healthy and living body. Relative poverty - living in deprivation compared to how the majority in your society live. Living in a way that does not allow for self-respect when perceived relative to others. The amount of money needed to support the basic needs of a hh, as determined by the government. Based on taking three times a low-cost food budget.