The resources and opportunities that people have to provide themselves with material goods and favorable living conditions are called

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Life chances refer to the opportunities that individuals have to access material goods and favorable living conditions. This includes access to education, healthcare, housing, employment, and other resources that contribute to a higher quality of life. The concept of life chances is central to sociological theories of inequality, as it highlights the ways in which social structures and institutions can limit or enhance individuals' opportunities for social mobility and economic success.

The Resources and Opportunities That People Have to Provide Themselves