ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCOME DISTRIBUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Everybody gets exactly the same things
A
Equality
B
Equity
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Equality is about making sure people are treated fairly and given fair chances. Equality is not about treating everyone in the same way, but it recognises that individuals’ needs are sometimes best met in different ways.

Detailed explanation-2: -Equality is about ensuring that every individual has an equal opportunity to make the most of their lives and talents. It is also the belief that no one should have poorer life chances because of the way they were born, where they come from, what they believe, or whether they have a disability.

Detailed explanation-3: -’Equality’ denotes correlation between a group of different objects, persons, processes or circumstances that have the same qualities in at least one respect, but not all. In this way, it is different from the idea of being identical or of sameness.

Detailed explanation-4: -Fairness means treating people according to their needs. This does not always mean it will be equal. Equality means treating everyone exactly the same. Understanding fairness and equality goes hand-in-hand with increasing students’ tolerance and appreciation for diverse learners.

There is 1 question to complete.