Max weber introduced the concept of life chances which says the idea that your probability of economic success is largely dependent on the social position you are born into.

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18-09-2018
Social Studies

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Max weber introduced the concept of life chances which says the idea that your probability of economic success is largely dependent on the social position you are born into.

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ahmedishaal ahmedishaal · Answer 1 · 2018-09-28T08:06:38+02:00

The answer is "Life Chances".

Life chances is a social science theory of the opportunities every individual needs to enhance their personal satisfaction. The idea was presented by German humanist Max Weber. It is a probabilistic idea, portraying how likely it is, given certain variables, that a person's life will turn out a specific way. According to this theory, life chances are decidedly related with one's financial status.