Economics Supply And Demand Questions
The concept of equity refers to fairness and justice in the distribution of resources and opportunities within a society. It involves ensuring that everyone has equal access to basic necessities, such as food, shelter, education, and healthcare, regardless of their socio-economic background. Equity also involves addressing and reducing inequalities and disparities that may exist in income, wealth, and social status. It aims to create a level playing field and promote equal opportunities for all individuals, regardless of their race, gender, or other characteristics.