ENTREPRENEURSHIP

Detailed explanation-1: -Max Weber’s The Protestant Ethic and the Spirit of Capitalism is a study of the relationship between the ethics of ascetic Protestantism and the emergence of the spirit of modern capitalism. Weber argues that the religious ideas of groups such as the Calvinists played a role in creating the capitalistic spirit.

Detailed explanation-2: -Upon his observation, Weber asks whether and to what extent Protestantism contributed to the development of capitalism. He argues that, if Protestants make good capitalists today, something about their beliefs and way of life must be conducive to capitalism.

Detailed explanation-3: -Weber argued that a particular denomination of Protestantism known as Calvinism played a key role in ushering in the social change of Capitalism. Calvinism preached the doctrine of predestination: God had basically already decided who was going to heaven (’the saved) before they were born.

Detailed explanation-4: -The Protestant Ethic and the Spirit of Capitalism by Max Weber examines the relationship between ascetic Protestantism’s ethics and the creation of modern Capitalism’s spirit.