Macroeconomics Essay Example | Topics and Well Written Essays - 1000 words - 8

Macroeconomics - Essay Example function of the economy is also referred to as total supply of the economy as shows the total supply of goods and services that the firms are willing to supply at given price levels. It also shows the capacity of the firms of the economy and the fact that the firms can supply the economy with the appropriate level of goods and services in order to satisfy the demands of the economy. Aggregate supply curves are made on the basis of long and short term which depicts the total supply function of the firms of the economy both in the long term and in the short term for the economy. There can be some shifts in the aggregate supply curve for the economy which can be attributed to number of different factors and variables affecting the economy. These factors can be many some of which may be the change in the size and quality of labor, the mere fact that the labor size has changed that is more and more labor is available to the firms for the production of their goods and services or that the labor which is already available to the economy has gained more and more skills due to which it has become easier to produce more for the economy. Other factors can be the change in technology or it can be said that the technological innovations can cause a shift in the aggregate supply curve of the economy. Â  Increase in wages, increase in production costs, changes in producer ta xes and subsidies, and changes in inflation can also be some of the driving factors in the shifting of the aggregate supply curve for the economy. Different schools of thoughts have different views of economics and therefore they have different approaches towards the determining of aggregate supply of the economy that is to be made to the economy. Aggregates supply is the function of aggregate availability of labor and other resources in the given time period and the price levels for the production of those goods and services that provide the aggregate supply of those goods and services to the

Religous Social Stratification Essay Example | Topics and Well Written Essays - 2250 words

Religous Social Stratification - Essay Example Slavery is the extreme form of inequality where some people are literary owned by others, the estate system consist of strata which have differing rights, the caste system is merely a rigid class system in which members are born into and in which escape is by extreme difficulties example the India caste system. The open class system is a class system in which there is the possibility of social mobility where one can move up the social ladder through education, marriage or even by chance or luck.2 According to the functionalist perspective on social inequality, Davis and Moore perceived social stratification and inequality as one that plays a role in the proper working of society in that all social systems share certain functional prerequisite which must be met for the society to operate efficiently and effectively. One of these prerequisites is effective role allocation and performance and this means that all roles must be filled by those who are best able to perform them. The mechanism that ensures proper role allocation is social stratification, roles are different in terms of importance and therefore there is the need to attach unequal rewards to the role.3 We will focus our discussion on social strati... We will consider the social stratification of these churches as one that plays an important role in the proper functioning of these religious institutions. RELIGIOUS SOCIAL STRATIFICATION: The Catholic Church: The Roman Catholic Church is the largest in terms of number of followers, this church is headed by the pope, the pope has final authority in all matters and he appoints cardinals who are below him in command. The catholic churches all over the world share common faith, common principles of church policies and organization and also common liturgy.4 The cardinals are directly below the pope in authority, they are appointed by the pope and when a pope in command dies they appoint a new pope, therefore they are second in command after the pope, and however the cardinals are bishops appointed by the pope from all over the world.5 The third rank is the bishop's position, he bishop heads a diocese which is the unit of organization in the Catholic Church, the bishop has the authority to admit priests into his diocese and also to exclude them from his diocese, he also assigns duties and priest to various parishes in his diocese.6 The clergy and the nuns are the last rank where the clergy is responsible of administering worship in the churches or parishes, the stratification into ranks of the Catholic Church can be diagrammatical simplified below.7 The diagram shows social stratification of the Catholic Church starting from those who rank high in the social ladder (the pope) to those who rank low in the social ladder (clergy and nuns), further the pope can only be one and the number increases downwards, cardinals are less than 300 in number and the number of the clergy and the nuns is large. The