Answer:
The long and short-term consequences of not promoting equality or working to reduce poverty are:
1. the poverty gap widens, causing many more of the population to become poor while a few become richer.
2. extreme poverty becomes the norm, thereby hampering societal progress.
3. discrimination and social classes become oppressive.
Explanation:
Economic equality describes a situation that ensures that every individual in a society has an equal economic opportunity to make the most of their lives and talents by having some access to resources. Equality reduces discrimination among certain groups of the population, especially those with protected characteristics such as race, disability, sex, and sexual orientation. It ensures the fair distribution of natural resources among the population, according to their individual needs and capacity. It does not mean sameness in social or economic status.
The following are the long and short-term implications of failing to promote equality or act to alleviate poverty:
1. The wealth disparity increases, forcing many more people to fall into poverty while a few get wealthier.
2. Extreme poverty has now become the norm, stifling societal advancement.
3. Social stratification and inequality become oppressive.
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