Weber argues that the major class division is between those who own the forces of production and those who do not get paid for those who have substantial property holdings will receive the highest economic rewards and enjoy superior life chances.however, Weber sees important differences in the market situation of propertyless groups in society. Thus Weber’s terminology A person’s class situation is also basically his market situation.those who share a similar class situation also share similar life chances not very keen on the position will directly affect their chances of obtaining those things defined as desirable in their society, for example, access to higher education and good quality housing he explains according to him a class or group of people who have same positions in the market economy and therefore enjoy same rewards.
He says that to have economic gains one has to develop their class in market economics and compete with each other. Weber assumes or looks class as the field of economics. The similarities and differences of the approaches will become apparent as Weber’s ideas are examined.
One of the finest German Sociologist Max Weber, since Marx has given us the most important progress in stratification theories. Emile Durkheim, Karl Marx, and Max Weber are said to be the three founders of Sociology. He was said to be an influencer and his ideas caused many social theories and social research. A German sociologist, philosopher, political economist and Jurist, Maximilian Karl Emil Max Weber came in this world on 21 st of April 1864 and took his last breath on 14 th of June 1920.
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