According to Max Weber, the traditional source of wealth, owning the means of production, is not the only factor in determining social status. How does Weber conceptualize power and prestige? Why does he argue that power and prestige, in addition to material wealth, are important factors in determining a person's social status?

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The Answer of According to Max Weber, the traditional source of wealth, owning the means of production, is not the only factor in determining social status. How does Weber conceptualize power and prestige? Why does he argue that power and prestige, in addition to material wealth, are important factors in determining a person's social status?

According to Max Weber, the Traditional Source of Wealth, Owning