What theory believes that people in society battle over scarce resources like money power and prestige?

The theory that posits individuals in society compete for scarce resources such as money, power, and prestige is known as Conflict Theory. Developed primarily by Karl Marx, this perspective emphasizes the struggles between different social classes and groups, highlighting how inequality and competition shape social structures and relationships. It suggests that societal conflicts arise from the unequal distribution of resources, leading to tension and change.