Examlex
According to Cloward and Ohlin,what did Merton's theory fail to take into account?
Demand And Supply
The fundamental economic model that explains how prices are determined in a market, based on the desires and capabilities of buyers and sellers.
Equilibrium Level
The state where market supply and demand balance each other, and, as a result, prices become stable.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price.
Quantity Supplied
The total amount of a specific good or service that is available for purchase at a given price and time.
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