Question

What are the differences between equality and equity? Cite good examples as well.​

Answer 1

Answer:

Equality generally refers to equal opportunity and the same levels of support for all segments of society.

Equity goes a step further and refers offering varying levels of support depending upon need to achieve greater fairness of outcomes.

Answer 2

Answer:

1. Equality denotes that everyone is at the same level, whereas equity in business parlance denotes the ownership of the shares of a company. 2. Equity refers to the qualities of justness, fairness, impartiality and even handedness, while equality is about equal sharing and exact division.