What Did Weber Mean by "Elective Affinity"? Provide Examples

question 35

Essay

What did Weber mean by "elective affinity"? Provide examples.

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Definitions:

Net Income

The amount of profit a company has left over after all expenses and taxes are deducted from total revenue.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including restricted shares owned by the company’s officers and insiders as well as those held by the public.

Liquid Assets

Assets that can be quickly converted into cash without significant loss of value, facilitating financial flexibility.

Plant and Equipment

Tangible long-term assets owned by a business, used in the production or supply of goods and services.