Explain Merton's Strain Theory, and Compare It with Cloward and Ohlin's

question 20

Essay

Explain Merton's strain theory, and compare it with Cloward and Ohlin's opportunity theory.

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Definitions:

Fixed Costs

Expenses like rent, salaries, and insurance that stay the same no matter the production or sales volume.

Operating Cash Flow

Cash generated from a company's normal business operations, indicating whether a company can maintain and grow its operations.

Cash Break-even Point

The point at which a business generates enough revenue to cover its operating cash expenses, resulting in zero net cash flow.

Variable Cost

Variable cost is a cost that changes in proportion to the level of activity or production volume.