From "Class, Status, Party" by Max Weber

From "Class, Status, Party" by Max Weber
Weber's notion of stratification is complex and multidimensional. Analytically distinct are three dimensions: 1) class, 2) status, and 3) party. Class is broader than, for example, the Marxian formulation and related to the general economic prospects ("life-chance opportunities") of collectivities; status refers to honorific and status considerations that can be tied to economic rewards; and party refers to similar levels of power exercised particularly in the political arena.
-Weber's notion of stratification is broader than that of Marx.