Equity Flashcards
1
Q
what is the big tradeoff in equity?
A
equality vs. efficiency
2
Q
equity
A
fairness in economics
3
Q
equality
A
minimising disparities in income and wealth among a nation’s households
4
Q
lorenz curve
A
![](https://s3.amazonaws.com/brainscape-prod/system/cm/317/436/621/a_image_thumb.jpg?1475943520)
5
Q
gini coefficient
A
A/(A+B)
![](https://s3.amazonaws.com/brainscape-prod/system/cm/317/436/622/a_image_thumb.jpg?1475943606)