Social policies address economic disparities by implementing programs that aim to reduce inequality among different socio-economic groups. These policies often include measures such as welfare programs, income redistribution, and access to education and healthcare. By providing resources and opportunities to marginalized populations, social policies help to bridge the gap between various income levels. Additionally, they contribute to social stability and cohesion by promoting inclusivity. Through targeted initiatives, policymakers can address systemic issues that perpetuate poverty and disadvantage, ultimately aiming for a more equitable society.