Discuss the Structural/functional Theory of Stratification

question 13

Essay

Discuss the structural/functional theory of stratification.How does conflict/critical theory agree or disagree with this theory?

Comprehend the process of creative destruction and its role in economic innovation and change.

Understand how the "invisible hand" mechanism operates within competitive markets to allocate resources efficiently.

Recognize the conditions necessary for achieving productive efficiency in a purely competitive environment.

Discuss the benefits of pure competition in terms of consumer and producer surpluses.

---

Definitions:

Directive Leaders

Leaders who take charge by giving specific instructions and orders, focusing on task accomplishment and maintaining clear objectives for their team.

Participatory Leaders

Leadership style characterized by involving team members in decision-making processes, aiming to increase engagement and shared responsibility.

Laissez-Faire Leaders

Leadership style characterized by a hands-off approach, allowing team members significant freedom in how they work and make decisions.

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group or organization.