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Equality equity involves trying to understand and give people what they need to enjoy full healthy lives.
Equity and equality definition. The distribution is made in such a way to even opportunities for all the people. The difference is not very large but is based upon the fact that not everyone has been created equally by the almighty and has requirements different from others. Equity equity is the absence of avoidable or remediable differences among groups of people whether those groups are defined socially economically demographically or geographically. Equity is the quality of being fair and impartial.
Merriam webster defines equitable as dealing fairly and. Conversely equality indicates uniformity where everything is evenly distributed among people. Equity is providing various levels of support and assistance depending on specific needs or abilities. Equity typically referred to as shareholders equity or owners equity for privately held companies represents the amount of money that would be returned to a company s shareholders if all of.
Equity and equality the difference between equity and equality is quite clear but those who are not aware of the nuances of english language often confuse between these two words. Equality generally refers to equal opportunity and the same levels of support for all segments of society. Equity is a process while equality is the outcome i e. Equality and equity are most often applied to the rights and opportunities of minority groups.
Equity goes a step further and refers offering varying levels of support depending upon need to achieve greater fairness of outcomes. Equality is providing the same level of opportunity and assistance to all segments of society such as races and genders. While equity represents impartiality i e. Even if you take the time to search the words equity and equality in the dictionary you might walk away thinking they mean the same thing.
But to get there we must first ensure equity. Equality in contrast aims to ensure that everyone gets the same things in order to enjoy full healthy lives.
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