ECONOMICS
ECONOMIC SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
traditions
|
|
|
fairness
|
|
|
unfairness
|
|
|
all of these
|
Detailed explanation-1: -Economic equity is defined as the fairness and distribution of economic wealth, tax liability, resources, and assets in a society.
Detailed explanation-2: -Economic Equity: the degree to which opportunities to succeed are equal for everyone OR the degree to which everyone has an equal share of select goods, services, or resources.
Detailed explanation-3: -Greater economic equity enables more people to engage at a higher level and add value in ways that help the economy perform better overall.
Detailed explanation-4: -Equitable distribution of income means that income is distributed in a way that ensures fairness and allows everyone to have the same opportunities.
Detailed explanation-5: -Which of the following correctly describes the relationship between economic efficiency and economic equity? There is no conflict between the two goals.