Money and property have always had an important place in the society. Money and property play an important role in getting power and a higher place in the society. Everybody tries to increase his wealth and property. If there is no fair distribution of the resources of economic power (wealth and property) in a society, it is known as economic injustice or economic inequality. Fair distribution of economic resources and wealth in every society is known as economic justice so that everybody is able to live respectful life.
Economic justice means all the people of a society are able to get atleast the minimum necessities of life. Pandit Nehru said, “A starving person does not know the meaning and importance of democracy.” Dr Radha Krishnan too said, “Those who are poverty stricken and are wandering here and there in search of manual work and those who do not get any manual work and axe starving, cannot be proud of the constitution and its law.”
