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Social conflict theory individuals compete for economic gain. He defines a class as a group of individuals who share a similar position in market economy and by virtue of that fact receive similar economic rewards. Thus a person's class situation is basically his market situation. Those who share a similar class situation also share similar life chances. Their economic position will directly affect their chances of obtaining the things defined as desirable in their society. Social conflict theory Social conflict theory is a Marxist-based social theory which argues that individuals and groups (social classes) within society interact on the basis of conflict rather