Life chances are known as the likelihood that individuals have of sharing in the opportunities and benefits of society.
Life chances refer to the theory which tells us about the opportunities and chances each individual gets to improve his/her quality of life. The concept of Life chances was introduced by Max Weber, and it is an important concept in the field of sociology.
This theory relates the life chances of an individual to the economic status that he/she holds in society. Opportunity refers to the extent to which an individual gets along his lifetime to gather around all the things to improve his/her quality of life. Life chances provide an opportunity for the individual to gather all the quality improvement items along one's lifetime.
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