Professor Smyth teaches about the hierarchical ranking of people in society based on coveted resources. This is called:

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Social stratification refers to the hierarchical ranking of people in society based on access to and control over resources such as wealth, power, and prestige. Caste is a form of social stratification that is based on birth and is characteristic of traditional societies in South Asia. Class is another form of social stratification that is based on economic factors and is more fluid than caste. Meritocracy is a system in which individuals are rewarded based on their abilities and achievements, rather than their social status or background. Bourgeoisie is a term that refers to the capitalist class who own the means of production, and is more specific than the general concept of social stratification.

Professor Smyth Teaches About the Hierarchical Ranking of People in Society