12.1 Inequality Flashcards
1
Q
Define ‘equity’
A
Equity emphasises “fairness” by allocating each individual the resources and opportunities that are necessary to reach an equal outcome, by recognising preexisting disparities and individual circumstances and working to correct them.
2
Q
Define ‘equality’
A
Equality strives for “fairness” in terms of providing each member of society with the same resources and opportunities e.g. healthcare, and education. Everyone is treated identically, regardless of their individual circumstances.
3
Q
Define ‘income’
A
4
Q
Define ‘wealth’
A
5
Q
Define ‘economic inequality’
A
