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Economic equity is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the population.
Equity is a term sometimes confused with equality. [2] Equity and inclusion policy provide a framework for educators and academic administrators that guides training and delivery of instruction and programming. [3] School boards use equity and inclusion principles to promote the use of resources that reflect the diversity of students and their ...
Considered one of the justice theories, equity theory was first developed in the 1960s by J. Stacey Adams, a workplace and behavioral psychologist, who asserted that employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it against the perceived inputs and outcomes of others. [2]
The most basic identity in accounting is that the balance sheet must balance, that is, that assets must equal the sum of liabilities (debts) and equity (the value of the firm to the owner). In its most common formulation it is known as the accounting equation: Assets = Liabilities + Equity. where debt includes non-financial liabilities.
Social equity is concerned with justice and fairness of social policy based on the principle of substantive equality. [1] Since the 1960s, the concept of social equity has been used in a variety of institutional contexts, including education and public administration .
Pay equity refers to the principle of ensuring that individuals are compensated fairly and impartially for their work regardless of factors such as gender, race, ethnicity, or other ...
Following the murder of George Floyd in 2020, some companies made substantial commitments to racial equity by establishing dedicated diversity, equity, and inclusion teams. [70] In early 2024, the Washington Post reported that there is a trend in corporate America to reduce DEI positions and delegate the work to external consultants. [ 70 ]
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