Answer :

It is truth that economic equality is neither possible nor desirable. The maximum any society can do is to try and reduce the gaps between the richest and poorest members of their society. Economic inequality is the difference in the person’s wealth, property, income between the people of different classes. This indicates disparities of the economic position between richest and poor sections of the society. To measure the degree of economic inequality we can either find a relative difference between rich and poor groups or estimate the value of people who live below the poverty line.

Most countries try to provide equal opportunities to their people to improve their condition and give a platform for the growth of their talents equally. Every just societies requires for equal economic equality. With the increasing level of economic disparities between the rich and the poor and the domination of wealthy classes, chances increases of having resentment or violence at large scale against the inequalities. We need continuous and flexible reforms to make the society more open in nature and egalitarian.

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