Answer:
Welfare state, concept of government in which the state or a well-established network of social institutions plays a key role in the protection and promotion of the economic and social well-being of citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life. The general term may cover a variety of forms of economic and social organization.
Explanation:
SOCIAL EQUALITY
The main purpose of the paper is to provide a unified framework within
which normatively significant equality indices can be derived from social welfare
orderings. The paper contains a functional representation of the class of social
evaluation functions generating relative equality indices.
POLITICAL EQUALITY
Political equality refers to the equality of each citizen's individual rights and liberty. In a politically equal society, citizens who are unequal socially or financially still possess identical voting rights and have the right to expect equitable treatment under the law.
ECONOMIC EQUALITY
Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality is sometimes called income inequality, wealth inequality, or the wealth gap. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality is relevant to notions of equity, equality of outcome, and equality of opportunity. Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross-sectional distribution of income or wealth at any particular period, or to changes of income and wealth over longer periods of time.
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