What is the meaning of 'equity" in production?

O

A. To decide if the outcome was able to maximize fairness

O

B. To ensure as little waste as possible in order to maximize profits

O

C. To determine if an action was voluntary or forced

O

D. To maintain peace in order to encourage international trade

A

Explanation:

The meaning of equity in economics is also known as economic fairness. Equity attempts to guarantee the maximum fairness of any type of process.

Equity is related to different types of economic and social equality and is the opposite of an extremely unequal society.

Equity in production would guarantee that all involved parts receive their appropriate share of the activity and profit.