Economic Equity

Economic equity refers to the fairness and justice in the distribution of wealth, resources, and opportunities within a society. It emphasizes reducing disparities in income and access to essential services, so that everyone has the chance to succeed, regardless of their background. Unlike equality, which focuses on treating everyone the same, equity seeks to address individual needs and circumstances. This concept encourages policies and practices that support marginalized groups and promote a more balanced economic environment, ultimately aiming for a society where all individuals can thrive and contribute to shared prosperity.