Final answer:
Social stratification is a system of categorizing people based on factors like wealth, income, education, and power. Karl Marx identified three dimensions of social stratification: social class, status, and party (power). Marx believed that social stratification was a result of people's relationship to production, with capitalists owning businesses and factories while workers were oppressed.
Step-by-step explanation:
Social stratification is a system in which a society categorizes its people into different socioeconomic tiers based on factors like wealth, income, education, and power. According to Karl Marx, the three dimensions of social stratification are social class, status, and party (power). Social class is determined by factors such as wealth, while status refers to the level of respect and prestige an individual has, and party (power) refers to the level of authority an individual possesses. Marx believed that social stratification resulted from people's relationship to production, with the bourgeoisie (capitalists) owning and profiting from businesses and factories, and the proletariats (workers) being oppressed by the bourgeoisie.