Thereis a view that absolute economic equality is neither possible nordesirable. It is argued that the most a society can do is to try andreduce the gaps between the richest and poorest members of society.Do you agree?

Anyanswer supported with argument or explanation would solve thepurpose. It is strongly recommended that you prepare thesolution on your own. However, a sample solution has beenprovided for your reference:

  • It is correct that absolute economic equality is not possible even though it is desirable. The most a society can do is to try and reduce the gaps between the richest and poorest members of society to bring economic equality.

  • Society has different status, roles and ranks for its members so that it can function smoothly.

  • People achieve different ranks according to their capabilities and the rewards are equivalent to the work and responsibilities that are attached to their rank.

  • Therefore, absolute economic equality cannot be possible as inequality in income will remain in the society.

  • The gap between the richest and poorest members of the society can be reduced by providing equality in opportunity to everyone, regardless of their background.

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