due to what an individual can earn on a daily basis contributing to their total revenue either monthly or yearly. The major examples of social inequality include income gap, gender inequality, health care, and social class. In health care, some individuals receive better and more professional care compared to others. They are also expected to pay more for these services. Social class differential comes evident during the public gathering where upper-class people given the best places to seat, the hospitality they receive and the first priorities they receive. Status in society is of two types which are ascribed characteristics and achieved characteristics. Ascribed characteristics are those present at birth or assigned by others and over which an individual has little or no control. Examples include sex, skin colour, eye shape, place of birth, sexuality, gender identity, parentage and social status of parents. Achieved characteristics are those which a person earns or chooses; examples include level of education, marital status, leadership status and other measures of merit. In most societies, an individual's social status is a combination of ascribed and achieved factors. In some societies, however, only ascribed statuses are considered in seeking and determining one's social status and there exists little to no social mobility and, therefore, few paths to more social equality. This type of social inequality is generally referred to as caste inequality. One's social location in a society's overall structure of social stratification affects and is affected by almost every aspect of social life and one's life chances. The single best predictor of an individual's future social status is the social status into which they were born. Theoretical approaches to explaining social inequality concentrate on questions about how such social differentiations arise, what types of resources are being allocated, what are the roles of human cooperation and conflict in allocating resources, and how do these differing types and forms of inequality affect the overall functioning of a society? The variables considered are greatly important in how the explanation of inequality is in manner and in which those variables combine to produce the inequities and their social consequences in a given society can change across time and place. In addition to interest in comparing and contrasting social inequality at local and national levels, in the wake of today's globalizing processes, the most interesting question becomes: what does inequality look like on a worldwide scale and what does such