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2 years ago

Max weber coined the term ________ to denote the tendency on the part of protestants to work hard and accumulate wealth.

1 answer:

5 0

Max weber coined the term Protestant work ethic to denote the tendency on the part of protestants to work hard and accumulate wealth.

The phrase "Protestant work ethic" was created by Max Weber to describe the propensity of Protestants to put in a lot of effort and amass money.

<h3>What are Protestants' beliefs?</h3>

The notion that a Christian is justified in his connection to God by faith alone, not by good works or dispensations, and the acceptance of the Bible as the one authoritative source of infallible revealed truth were the main features of original Protestantism.

In his book The Protestant Ethic and the Spirit of Capitalism from 1904 to 1905, Max Weber first used the expression. Weber said that the development and expansion of capitalism were made possible by Protestant ethics and values, asceticism, and the predestinarian concept of Calvinism.

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Note: Kindly find an attached image to the solution below

Sources: The image was researched from Course hero

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Solution

Given that:

The call value goes higher when the underlying price increases and vice versa.

The premium value of put goes higher when underlying market decreases and vice versa.

The call value = Spot price - strike price (minimum zero)

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(1): Trade: Buy February Call

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