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According to the structural functional perspective,why are social institutions necessary?
Expenditures
The amount of money spent on various goods and services or to cover operating costs by individuals, businesses, or other entities.
Flow of Dollars
Refers to the movement of money through an economy, tracking how it is earned, spent, and invested.
Real Income
Real income refers to income adjusted for the effects of inflation, reflecting the true purchasing power of the money earned by individuals or entities.
Factors of Production
The resources used in the production of goods and services, which typically include land, labor, capital, and entrepreneurship.
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