Discuss the functionalist, critical, and interpretive approaches to the study of modern society, specifically:
1.Central concepts of each
2.How capitalism is possible, according to each approach
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q1. Theories are an essential part of the framework used to organize specific social phenomena within the social sciences. This lesson introduces the four major theoretical perspectives in sociology, including structural-functional, social conflict, feminism, and symbolic interactionism.
Explanation:
q2. Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
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