Geneology Research. More than 7 Million users Work Online with Zoho. More than 7 Million users Work Online with Zoho. Email. Google. Fabiolagarciaitz. Airlines & planes. Airlines & planes. Midowait. Equity (economics) Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics. More specifically, it may refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.[1] Inequality and inequities have significantly increased in recent decades, possibly driven by the worldwide economic processes of globalisation, economic liberalisation and integration.[2] This has led to states ‘lagging behind’ on headline goals such as the Millennium Development Goals (MDGs) and different levels of inequity between states have been argued to have played a role in the impact of the global economic crisis of 2008–2009.[2] The state often plays a central role in the necessary redistribution required for equity between all citizens, but applying this in practise is highly complex and involves contentious choices.
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