What did Max Weber understand by the spirit of capitalism ?
Correct answer: B. the continual reinvestment of profits back into businesses
- A. the exploitation of the working class
- B. the continual reinvestment of profits back into businesses
- C. the desire for more material wealth
- D. the belief in free markets
Explanation
For Weber, the spirit of capitalism involved disciplined, systematic accumulation, especially the reinvestment of profits rather than simple enjoyment of wealth. This ethic was linked to the calling and rational organisation of economic life.
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