Final answer:
Max Weber identifies unique characteristics of modern capitalism such as the accumulation of wealth as the primary goal, the rationalization of economic activity, and the creation of inequality.
Step-by-step explanation:
According to Max Weber, modern capitalism possesses several unique characteristics. One of the key features is that in modern capitalism, the primary goal of earning money is not solely to improve one's standard of living. Instead, Weber argues that the focus of earning money is the accumulation of wealth and capital.
Furthermore, Weber argues that modern capitalism is characterized by the rationalization of economic activity. This means that economic decisions are based on calculated efficiency and profit rather than traditional or emotional factors.
Additonally, Weber highlights that modern capitalism fosters inequality. The emphasis on profit and accumulation of wealth creates a system where a small elite holds a disproportionate amount of wealth and power.
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