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Q: Why is the concept of economic equity?
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What is a good definition of economic equity?

Economic equity is the concept of fairness in economics, especially concerning taxation or welfare.


Why is equity a tricky concept?

Cause it is


Explain why equity is a tricky concept?

Cause it is


The Preamble to the Constitution lays out the main ideas of the American vision of government but does not specify providing for?

economic equity


In an economic function what is equity?

In an economic function, equity is when the appointment of resources is considered fair. Government economic functions include providing public services and maintain a national defense.


What is the goal of Economic equity and economic freedom?

The issue of fairness underscores the goal of economic equity. Americans want their economic system to be fair and just. The goal of economic freedom is to allow each member of society to make choices.


What 5 major economic goals?

Economic Effiency Economic Freedom Economic Security Economic Equity Economic growth and Innovation


What goals the government pursues in a socialist economic system?

equity


What are some trade-offs among social and economic goals?

•economic freedom and economic security, economic growth and economic equity, price stability and full employment. •


What are the seven major goals of the US economy?

Full Employment Economic Growth Price Stability Economic Freedom Economic Security Economic Equity Efficiency


What is difficult to achieve in a pure free market system?

economic equity


Equity function of government?

which of these describes the far right of the economic spectrum