Why should the gains of economic growth be evenly distributed?

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An Intiative by Sri Chaitanya

To make an economically equal society

To promote the idea of social justice

To reduce inequality in the society

All of the above

answer is B.

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Detailed Solution

The gains of economic growth should be distributed evenly to promote the idea of social justice.
To achieve an economically equal society, the benefits of economic progress should be dispersed equally among citizens. This would also align with democracy's founding principles: economic justice. Economic growth spreads equally across society and generates opportunity for all is termed inclusive growth. Equitable income distribution promotes social harmony and cohesiveness. If wealth is divided too unequally, most people in an economy will suffer at the expense of the wealthy few. Low-income earners can also benefit from equitable income distribution by having access to chances to grow their wealth.

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