ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The term “equity” refers to fairness and justice and is distinguished from equality: Whereas equality means providing the same to all, equity means recognizing that we do not all start from the same place and must acknowledge and make adjustments to imbalances.

Detailed explanation-2: -Equity is one interpretation of fairness or justice. A central theme in debates about fairness and justice is equality versus equity. “Equality” means people should be treated the same by public policy to remove barriers to the individual’s success. It is commonly associated with giving people equality of opportunity.

Detailed explanation-3: -Equity is defined as “the state, quality or ideal of being just, impartial and fair.” The concept of equity is synonymous with fairness and justice. It is helpful to think of equity as not simply a desired state of affairs or a lofty value.

Detailed explanation-4: -Examine your beliefs and habits. Educate yourself about social justice issues. Discover your local organizations. Take positive action in your own community. Harness the power of social media. Attend demonstrations and protests. Volunteer. Donate. More items