What did Weber's theory propose regarding the development of capitalism?

Multiple choice question for Entrepreneurship, Organization, And Innovation. Select an option, then review the explanation below.

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Protestants opposed the accumulation of wealthProtestants did not limit lavish spending and visible consumptionRoman Catholicism demonstrated its ascetic values through secular workCapitalism reached its highest level of development in Protestant nations

Explanation

Weber argued that capitalism flourished most in Protestant societies, where religious values encouraged hard work and economic success, unlike the other options which misinterpret his thesis.

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What did Weber's theory propose regarding the development of capitalism?

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