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A major criticism of the structural-functional theory of stratification is that it:
Microeconomics
The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
Macroeconomics
The branch of economics that studies economic phenomena at a national, regional, or global level, including issues like inflation, unemployment, economic growth, and monetary and fiscal policy.
Unemployment Rate
The share of the workforce that's currently not employed but is actively looking for jobs.
Nominal NNP
The Gross National Product measured at current market prices, without adjusting for inflation.
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