2.12 THE MARKET'S INABILITY TO ACHIEVE EQUITY Flashcards
1
Q
Equality
A
Situations where economic outcomes are the same for all.
1
Q
Equity
A
Refers to the idea of fairness. Different people are given different things to promote equity.
2
Q
Most Notable Types of Economic Inequality
A
Unequal distribution of Income and unequal distribution of wealth.
