Max Weber referred to people's opportunities to provide themselves with material goods,positive living conditions,and favorable experiences as

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Max Weber used the term "life chances" to refer to people's opportunities to provide themselves with material goods, positive living conditions, and favorable experiences. This term encompasses one's economic resources, social status, and education, among other factors that contribute to one's overall quality of life. While "power" and "status" are also important concepts in Weber's theory of social stratification, they do not capture the same comprehensive sense of life chances. "Wealth" refers specifically to one's accumulation of economic resources, and does not encompass the full range of factors that contribute to life chances.

Max Weber Referred to People's Opportunities to Provide Themselves with Material