Question

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 the poorest members of society. Do you agree?

Answer 1

Answer:

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 the poorest members of the society. Do you agree?

Economic inequalities is the indicator of opposite situations of economic equality.

(i)In other way, we could say that economic inequality prevails in a society if there are vital differences in wealth, property or income between individuals of different classes, prevailing in the society (Highest, lower–highest, upper–middle, lower middle, upper lower and the lowest or the people living below the poverty line).

(ii)According to economists one of the measuring the degree of economic inequality in a society would be to measure the relative difference between the richest and poorest groups. Another method or way could to estimate the member of people who live below the poverty live.

(iii)With equal opportunities inequalities may continue to exist between individuals but there is the opportunities inequalities may continue to exist between individuals but there is the possibility of improving one’s position in the society with sufficient effort.

(iv)Most democracies today make efforts to provide equal opportunities to their people in the belief that this would at least give those who have talent and determination the chance to improve their conditions.

(v)Every progressive and justice loving society desire economic equality in its zone because inequalities, which remain relatively untouched over generations are more dangerous for a society. If in a society certain classes of people have enjoyed considerable wealths, and the power which goes with it, over generations, the society would become divided between those classes and others who have remained poor over generations.