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# The set of monomial symmetric functions parametrized by partitions form a basis of Λ<sub>''R''</sub> as graded ''R''-[[module (mathematics)|module]], those parametrized by partitions of ''d'' being homogeneous of degree ''d''; the same is true for the set of Schur functions (also parametrized by partitions).
# Λ<sub>''R''</sub> is [[isomorphic]] as a graded ''R''-algebra to a polynomial ring ''R''[''Y''<sub>1</sub>,''Y''<sub>2</sub>,…] in infinitely many variables, where ''Y''<sub>''i''</sub> is given degree ''i'' for all ''i'' > 0, one isomorphism being the one that sends ''Y''<sub>''i''</sub> to ''e''<sub>''i''</sub> ∈ Λ<sub>''R''</sub> for every ''i''.
# There is an [[Involution (mathematics)|
Property 2 is the essence of the [[fundamental theorem of symmetric polynomials]]. It immediately implies some other properties:
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