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Equity, or economic equality, 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 populati
The National Academy of Public Administration defines social equity as “The fair, just and equitable management of all institutions serving the public directly or by contract; the fair, just and equitable distribution of public services and implementation of public policy; and the commitment to promote fairness, justice, and equity in the ...
You might see the terms “equality” and “equity” used interchangeably, especially around conversations promoting fairness when it comes to human rights issues (like gender, race, sexual ...
Equity theory has been widely applied to business settings by industrial psychologists to describe the relationship between an employee's motivation and his or her perception of equitable or inequitable treatment. [citation needed] In a business setting, the relevant dyadic relationship is that between employee and employer.
The post Equality vs. Equity: What’s the Difference? appeared first on Reader's Digest. Maybe you've interchanged the words "equity" and "equality" in conversation—but they don't, in fact ...
Both equality concepts say that it is unfair and inefficient if extraneous factors rule people's lives. Both accept as fair inequality based on relevant, meritocratic factors. They differ in the scope of the methods used to promote them. The difference between the two equality concepts is also referred to as Dilemma of Difference. [39]
The second principle, the difference principle, addresses how the arrangement of social and economic inequalities, and thus the just distribution should look. Firstly, Rawls argues that such distribution should be based on a reasonable expectation of advantage for all, but also to the greatest benefit of the least advantaged in society.
Social equality is variously defined and measured by different schools of thought. These include equality of power, rights, goods, opportunities, capabilities, or some combination of these things. It may also be defined in comparison to distributive equality, power structures between individuals, or justice and political egalitarianism.