Equity is A. when poorer people's income is growing more rapidly than more wealthy people's income. B. always achieved by the market. C. the fair distribution of economic benefits. D. an exactly equal distribution of income.

Question

Social Studies

Terrance Hansen

13 March, 13:06

Equity is A. when poorer people's income is growing more rapidly than more wealthy people's income. B. always achieved by the market. C. the fair distribution of economic benefits. D. an exactly equal distribution of income.

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Answers (1)

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Dracula · Answer 1

The answer is C. The fair distribution of economic benefits.

Explanation:

Social equity is achieved when every person within a specific society has the same opportuinities and access to economic, social and political resources and rights. In economics, equity means the fair distribution of economic benefits, according to this principle, the people that are more in need would have to recieve more economic benefits than the upper class, which would be a fair distribution. However, in reality, although there are some nations that have lessened their inequality levels, the rich tend to control social and political resources in a way that they still recieve most of the economic benefits.