Question

Meaning and definition of economic equality

Answer 1

Answer:

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

Answer 2

Answer:

In simple terms, economic equality is about a level playing field where everyone has the same access to the same wealth. ... Lots of women's groups, including YWCA Canada, believe there should be economic equality between men and women.