The three assumptions of the conflict theory that may help in analyzing the arti

The three assumptions of the conflict theory that may help in analyzing the article content
include, competition, structural inequality and revolution. In a competitive environment,
individuals constantly strive for scarce resources—financial assets, tangible goods, and real
estate—to satisfy their desires and necessities. The outcome is conflict, which engenders
social classes, groups, and hierarchy. The article illustrates the competition among groups of
varying economic levels to generate wealth. The richest 1% of individuals globally own
nearly 50% of the world's wealth, while the poorest 70% own less than US$10,000. This
increasing disparity not only has significant repercussions but also embodies a conundrum of
human decision-making.