Economic equality

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Economic equality is the ability people have to realize their potential in the society where they live. Economic equality is generally used to refer to a set of institutions which will enable people to lead a fulfilling life and be active contributors to their community. The goal of economic equality is generally the same as human development. The relevant institutions can include education, health care, social security, labour rights, as well as a broader system of public services, progressive taxation and regulation of markets, to ensure fair distribution of wealth, equality of opportunity, and no gross inequality of outcome.

Economic equality is a state of economic affairs in which equality of outcome has been achieved for all the participants of a society.[1]

References[edit]

  1. ^ Roemer, John E. (1996). Egalitarian Perspectives: Essays in Philosophical Economics. Cambridge University Press. ISBN 0521574455. 

See also[edit]