Discuss How Merton's Conceptions of Manifest and Latent Functions, Deviance

question 55

Essay

Discuss how Merton's conceptions of manifest and latent functions, deviance, and dysfunction enhanced Parsons's conception of society and structural functionalism in general.

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Interest Rate

Interest rate is the percentage charged by a lender to a borrower for the use of assets, adjusting for the cost of credit or the return on investment.

Lump Sum

A single payment made at a particular time, as opposed to several smaller installments.

Future Value

The value of an investment at a specified date in the future that accounts for a specified rate of interest or rate of return.