Which theory of stratification offers a supply-and-demand explanation of occupational rewards?

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Structural-functionalism offers a supply-and-demand explanation of occupational rewards by asserting that certain occupations require more skills and education, and therefore, individuals who possess these skills and education are in higher demand, resulting in higher rewards. The theory views stratification as a necessary function of society, with different positions requiring different levels of skill and education to ensure the smooth functioning of society.

Which Theory of Stratification Offers a Supply-And-Demand Explanation of Occupational