Hi. Could you please help me analyse the above passage with the use of
socio historical, narrative, source and advocacy hermeneutic
criticisms. (Personal opinions are welcome).

Hi Vassy. The scripture you refer to is in the Bible at Luke 16;19-31.
Read by itself, it implies some type or form of existence following
death. But the Bible must be viewed as a "whole". It says we are ALL
sinners and romans 6;23 states what is the penalty for sin..The wages
sin pays is death. If some part of us survives death, logic says there
is no penalty. The Bible also explains the condition of the dead.
Genesis 3;19 says when we die we return to dust. Ecclesiastes 9;10
says there is no work, devising, knowledge or wisdom in "Sheol" the
common grave, and because of that, we must live a full but wholesome
life on the earth while we have the opportunity. Ecclesiastes 9;5 says
the dead are conscious of nothing at all. Psalm 146;4 says our
thoughts do perish. Isaiah 26;14 says "They are dead; they will not
live. Impotent in death, they will NOT rise up. Death is the price we
pay for being sinners and ONLY Jesus was perfect and without sin. So
is the account of Lazarus and the rich man literal or an
illustration?. If literal, could all those enjoying divine favour fit
" at the bosom of Abraham?. If Hell or Hades existed, would a drop of
water quench your thirst? If it were literal, it would severely
conflict with other scriptures. But it is a "parable". Many times,
Jesus uses parables to explain how people should live. The rich man
represents the Pharisees, the religious leaders of the day. Lazarus
represents the common Jewish people, who were despised by the
Pharisees when they became Jesus` followers. John 7;49 [ but this
crowd who does not know the law are accursed people] Not the best
attitude towards your own congregation. Matthew 21;31,32 indicates
that the tax collector and the harlot, both despised by the
population, but WHEN THEY HAD CHANGED THEIR WAYS FOR THE BETTER, and
followed Jesus` instructions, were more highly regarded by Jesus than
the Jewish religious leaders, the Pharisees. So formerly despised ones
came into Divine favour  and the seemingly favoured ones were rejected
by God, and were tormented by the judgement messages delivered by
those they despised, as per John 7;49. Jesus, when He was on earth,
was teaching people exactly what God Himself wanted of them. As stated
in John 7;28,Jesus directed these comments to the religious leaders,
who had 1500 years of learning behind them, and got lost in
tradition..."Therefore Jesus cried out as he was teaching in the
temple and said " You both know me and know where I am from. Also, I
HAVE NOT COME OF MY OWN INITIATIVE, but He that sent me [God] is real.
And you [ the Pharisees] do not know Him...and 29...I know Him,
because I am a representative from Him , AND THAT ONE [GOD] SENT ME
FORTH".
Only by examing the Bible as a whole, is it possible to be understood.

Pugwash, you certainly do not hesitate to represent your opinion as the truth.

"If Hell or Hades existed, would a drop of
water quench your thirst?
If it were literal, it would severely
conflict with other scriptures. But it is a parable."

The *real* existence of an afterlife reflecting one's lifetime deeds
is a core element to the preachings of Jesus.

Matthew 7:19
Every tree that does not bear good fruit is cut down and thrown into the fire. 

Matthew 18:9
And if your eye causes you to sin, gouge it out and throw it away. It
is better for you to enter life with one eye than to have two eyes and
be thrown into the fire of hell.

Matthew 25:41
"Then he will say to those on his left, 'Depart from me, you who are
cursed, into the eternal fire prepared for the devil and his angels."

Matthew 23:33
"You snakes! You brood of vipers! How will you escape being condemned to hell?"

Matthew 3:1
In those days John the Baptist came, preaching in the Desert of Judea
and saying, "Repent, for the kingdom of heaven is near."

Matthew 4:17
From that time on Jesus began to preach, "Repent, for the kingdom of
heaven is near."

Matthew 4:23
Jesus went throughout Galilee, teaching in their synagogues, preaching
the good news of the kingdom, and healing every disease and sickness
among the people.

Matthew 6:10
your kingdom come, your will be done on earth as it is in heaven. 

Matthew 13:11
He replied, "The knowledge of the secrets of the kingdom of heaven has
been given to you..."

Matthew 16:19
I will give you the keys of the kingdom of heaven

Pugwash, you are welcome to believe as you wish.  But I object to the
labelling of any part of the Bible as mere parable where it does
specify the text as such.  imho, inherent in the human condition is
the tendency to overestimate our capacities, the sin of pride. 
Running the Bible through some sort of "me" filter, labelling this
part parable and that part real, is a recipe for error, given the
lowly mortal human that I am.  I do not desire to be "wise in my own
eyes."

Proverbs 26:12
Do you see a man wise in his own eyes? There is more hope for a fool than for him.

d'oh!  This lowly mortal can't proofread, either.  2nd sentence, 2nd
to last paragraph should read "does not specify."