Question

State whether the following statement is True or False with reasons.

Economic inequality has no effect on society.

Options

• True

• False

Answer 1

This statement is false.

Reasons:

1. If a child falls into the below-poverty line category, the family to which he or she belongs influences his or her choices and opportunities. It may be difficult for parents to provide nutritious food. As a result, inequality emerges.
2. The economic state with which one identifies and belongs frequently influence educational differences. Many people cannot attend professional courses, cannot afford private school education and cannot afford an international education. As a result, there is inequality in educational opportunities.
3. Opportunities are scarce and difficult to obtain. Individual and group purchasing power determines our consumption patterns and extent of consumption.
4. Every person has unique abilities and capacities. These are a result of both our individual potential and our societal experiences. For example, a person may have a talent for art, music or acting. However, there is room for improvement in these abilities/skills; however, it may be impossible to use one's talent for individual or social benefit.