flashcardizz ktcc

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What is the primary focus of equality in economics?

Back

Treating people equally regardless of circumstances.

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Which of the following best illustrates the concept of equity?

Back

Providing more computers and resources to schools in low-income neighborhoods.

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What is the monetary approach to poverty?

Back

A phenomenon where individuals do not achieve the minimum level of economic welfare.

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What is the definition of equity?

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The absence of avoidable or remediable differences among groups.

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What is a key difference between equality and equity?

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Equality focuses on equal treatment, while equity focuses on equal outcomes.

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What does equity aim to achieve in resource distribution?

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Equity aims to ensure that resources are distributed based on individual needs and circumstances.

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How does equality differ from equity in terms of outcomes?

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Equality ensures the same outcome for everyone, while equity allows for different outcomes based on individual circumstances.

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What is an example of equity in education?

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Allocating additional funding to schools in disadvantaged areas to improve educational resources.

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What is the significance of understanding equity in social policies?

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Understanding equity helps create fair policies that address the needs of different groups.

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How can equity be measured in a society?

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Equity can be measured by assessing the disparities in access to resources and opportunities among different groups.