Society faces a trade-off between equity and efficiency because:

Question

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Equity refers to the fair distribution of resources among individuals, while efficiency refers to the ability to get the most out of those resources. Often, in order to distribute resources fairly, there will be some sacrifice in efficiency, such as spending more time or resources to ensure equitable distribution. On the other hand, high levels of efficiency can sometimes be achieved at the expense of equity, such as in a system where only those with the most resources benefit. Therefore, society often faces a trade-off between these two goals, and must decide which is more important in any given situation.

Society Faces a Trade-Off Between Equity and Efficiency Because