How does institutions shape politics

Explanation:

The literal definition of institution is "a society or organization founded for a religious, educational, social, or similar purpose." In saying that they all have a cause they stand behind. In the US politicians are often influenced by lobbyist. Depending on how well an institution can lobby will determine how drastict the influence they have on politics.

"social stratification refers to the way people are ranked and ordered in society. in western societies, stratification is primarily seen and understood as a result of socioeconomic status, which produces a hierarchy in which access to resources, and possession of them, increases from the lower to the upper strata"

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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