_________ refers to the hierarchical ranking of people within society on the basis of specific coveted resources.

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Social stratification refers to the hierarchical ranking of people within society on the basis of specific coveted resources, such as wealth, education, occupation, and social status, among others. It is a system that divides society into different layers or strata, each with its own level of prestige, power, and privilege. In social stratification, individuals or groups are placed in different positions according to their relative standing in terms of these resources, creating inequalities and differences in life chances and opportunities. Meritocracy, on the other hand, is a system where individuals are promoted or rewarded based on their abilities and achievements, while caste refers to a rigid social hierarchy based on birth and hereditary status. Social mobility refers to the movement of individuals or groups between different positions in the social stratification system.

_________ Refers to the Hierarchical Ranking of People Within Society