reasonable to believe that the person's social prestige, class position, and membership in a political group will have an effect on these chances". In terms of understanding the relationship between power and social stratification, Weber theorized the various ways in which societies are organized in hierarchical systems of domination and subordination using the several major concepts. Class and power "Class, at its core, is an economic concept; it is the position of individuals in the market that determines their class position. And it is how one is situated in the marketplace that directly affects one's life chances". This was theorized by Weber on the basis of "unequal access to material resources". For example, if someone possesses something that you want or need then this makes him potentially more powerful than you. He is in a dominant position and you are in a subordinate position because he controls access to a desired social resource. A classic illustration here is the relationship between an employer and employee. Social power (status or ) "The existence of status groups most often shows itself in the form of endogamy or the restricted pattern of social intercourse, sharing of food and other benefits within groups, status conventions or traditions, and monopolistic acquisition of certain economic opportunities or the avoidance of certain kinds of acquisitions. If you respect someone or view him as your social superior, then he will potentially be able to exercise power over you (since you will respond positively to his instructions / commands). In this respect, social status is a social resource simply because he may have it while you may not. "Not all power, however entails social honor: The Typical American Boss, as well as the typical big speculator, deliberately relinquishes social honor. Quite generally, 'mere economic' power, and especially 'naked' money power, is by no means a recognized basis or social honor". Note: The German word , plural (English, "status" or "status group") is sometimes left untranslated in Weber, in order to keep in view the origins of this concept in medieval guilds, professions, ethnic identities, and feudal classifications. Political power (party) Parties are associations that aim at securing "power within an organization [or the state] for its leaders in order to attain ideal or material advantages for its active members". This form of power can be related to the way in which the State is organized in modern social systems