Economic fairness refers to the equitable distribution of resources and opportunities within a society. It emphasizes that all individuals should have access to basic needs, such as education, healthcare, and employment, regardless of their background. This concept aims to reduce income inequality and ensure that everyone has a fair chance to succeed.
Policies promoting economic fairness often include progressive taxation, minimum wage laws, and social safety nets. These measures help to support disadvantaged groups and create a more balanced economy. By addressing disparities, societies can foster social cohesion and improve overall well-being for all citizens, contributing to a healthier economy.