Equity (economics)

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Scheme of sustainable development: at the confluence of three constituent parts. (2006)

Equity, or economic equality, is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics. Equity is a central concept in economics, closely tied to notions of fairness and justice in the distribution of wealth, resources, and taxation within a society. It is a foundational element in the discussions of public finance, taxation policies, and welfare economics, influencing how resources are allocated among different segments of the population.