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Difference Between Equity and Equality?
13
Apparently on the AQA syllabus for A2 Economics we need to know this, but ive never been taught it - what is it?
Reply 1
I think this is it...
Equality is when people with the same circumstances are treated equally.
Equity is when people are treated fairly, but differently, having taken into account their different circumstances.
Hope this is clear!
Equality is when people with the same circumstances are treated equally.
Equity is when people are treated fairly, but differently, having taken into account their different circumstances.
Hope this is clear!
Reply 2
Equity means justice or fairness. it is useful to distinguish between
Horizontal equity requires equals are treated equally eg people in the same income group should be taxed at the same rate.
Vertical equity requires unequal treatment of unequals to promote greater fairness eg higher income groups taxed at higher rates.
Horizontal equity requires equals are treated equally eg people in the same income group should be taxed at the same rate.
Vertical equity requires unequal treatment of unequals to promote greater fairness eg higher income groups taxed at higher rates.
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