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life chances  

Definition

  • German sociologist Max Weber first conceptualized the term life chances in his work on social stratification. Contrary to Karl Marx's theory of capitalist exploitation, in which social inequality was based on access to the means of production, Weber's theory of stratification involved three interrelated components: social class, status group, and political affiliation. [Source: Encyclopedia of Social Problems; Life Chances]

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https://concepts.sagepub.com/social-science/concept/life_chances

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