The term for opportunities individuals have to improve their lives.

• A. Equality of opportunity
• B. Life Chances
• C. Meritocracy
• D. Social Mobility

Answer: (B)

Life chances describe the opportunities individuals have to improve their lives, including access to education, healthcare, housing, income, and social networks. These chances aren’t equal for everyone; they’re shaped by factors like family background, class, gender, ethnicity, and where someone grows up. This concept explains why some people can move up and raise their living standards while others encounter barriers that limit their progress.

That’s why it fits best here: it specifically names the opportunities people actually have to improve their situation. Equality of opportunity is about everyone having the same starting chances, rather than the level of opportunity people realistically access. Meritocracy is a belief about rewards matching merit, not a description of opportunities. Social mobility describes movement between social positions, not the opportunities themselves.