Question 2:
There is a view that absolute economic equality is neither possible nor desirable. It is argued that the most a society can do is to try and reduce the gaps between the richest and poorest members of society. Do you agree?
Answers
ANSWER :
The popular meaning of equality is that all men are equal that all should get equal income in equal treatment. We fully agree with the view that absolute economic equality is not a possible nor desirable. Absolute equality of wealth income has never existed in a society. There is not a single country in the world where absolute economic equality exist.
Even in communist countries like China, North Korea,etc, Communist have not succeeded in establishing absolute economic equality. With equal opportunities , inequalities may continue to exist between individuals but there is the possibility of improving one's position in society was sufficient efforts and determination.
The Government must try to reduce great inequalities in wealth. The concentration of property in the hands of a few is fatal to the purposes of the state and socialists are right in insisting that either the state must dominate property of property will dominate the state. Economic equality can exist when all people have reasonable economic opportunities to develop themselves. Adequate scope for employment, reasonable wages, adequate leisure and other economic rights create economic equality.
Means of production and distribution should be controlled in such a way that they stand for public welfare. In a nutshell ,economic equality means that there should not exist wide gaps of income among the members of society. Wealth should not concentrate only in a few hands. Gross inequalities of wealth not exist at all. Everybody should have economic minimum.
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Answer:
Absolute economic equality of income has never existed in society. But democratic set up provides equal opportunities to at least those who are capable and possess potential with equal opportunities, inequalities may exist between individuals, but one’s position may be improved with the sincere efforts in the society.
Economic inequalities:
Economic inequality exists if there are differences in wealth, property or income between different sections of society.
It enhances the gap between the upper, middle, poor-rich and persons living below poverty line.
Measurement of economic inequalities:
To estimate the number of people who are living below poverty line.
To find out the differences between the rich and poor.
Importance of economic equality:
Economic equality guarantees each and everybody equal opportunities to improve one’s potential and capabilities.
Economic equality reduces the gap between the rich and the poor or high or middle class, etc.
Economic disparities can make society more violent because the reforms cannot take place in such a society
Explanation:
Economic equality: It refers to availability of equal opportunities to one and all present in the society, without any discrimination