Simplify the following text for a Grade 10 native English-speaking person.
Original: One can earn social status by own achievements , which is known as achieved status , or one can be placed in the system by one 's inherited position , which is called ascribed status .
Simplified: One can earn their social status by their own achievements , which is known as achieved status . Alternatively , one can be placed in the stratification system by their inherited position , which is called ascribed status .