Conflict theorists view the economy as a vital social institution because it is the means by which needed goods and services are produced and distributed.When the economy runs smoothly,other parts of society function more effectively.However,if the system becomes unbalanced,such as when demand does not keep up with production,maladjustment occurs (in this case a surplus).

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Conflict theorists focus on power disparities and inequality within the economy, viewing it as a source of conflict and exploitation, rather than emphasizing its role in societal stability and function.

Conflict Theorists View the Economy as a Vital Social Institution