Difference between equity and equality

Answer 1

Politically:

Fair - If someone works harder than you, then they should receive larger monetary compensation than yourself.

Equal - Everybody makes the same amount of money, irrespective of effort,work field, education, or societal importance.

According to the dictionary:

Fair - Legitimate, according to the rules.

Example: "I expect you to avoid cheating and play fairly."

Equal: The same in rank, quality, number, amount or opportunity; impartial.

Example: "Members of all races are equal before God."

Answer 2

Equable - Anything that does not vary to a considerable extent.

E.g. Equality in education is the first and major step of a country's success.

Equitable - Something that is reasonable or impartial.

E.g.: Mr. Mac, the president of Infitech systems, agreed to trade upon equitable terms.

Answer 3

Equity is a branch of English law which sought to make the harsher dictates of the law more equitable or just.

Equality is the quality of being the same, or of the same value. In humans, it often means having the same rights.