In economics, the term "equity" means
A)everyone has an equal standard of living.
B)the hardest working individuals consume all they want.
C)only elected officials have high standards of living.
D)economic benefits are distributed fairly.

Question

Quizplus · Accepted Answer

Equity in economics means that economic benefits are distributed fairly among individuals, regardless of their socio-economic status, race, gender, or any other characteristic. The goal is to reduce inequalities and ensure that all individuals have a fair and equal opportunity to achieve economic success.

In Economics, the Term "Equity" Means