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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Danielle Eaton

Social Studies

29 November, 06:03

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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Derick Short · Answer 1

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.