Final answer:
Status in society is defined by a person's rank and role, with distinctions between ascribed and achieved statuses.
Explanation:
Status refers to a person's position in society in terms of rank and role. There are different types of statuses such as ascribed and achieved statuses. Ascribed statuses are those you do not choose like son or elderly person, while achieved statuses are obtained by choice like self-made millionaire.
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