economic equity

  

Definition

The situation in an economy in which the apportionment of resources or goods among the people is considered fair.

Use economic equity in a sentence

  • The economic equity in the region was determined to be an adequate distribution of wealth as the relationship between people was excellent.

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  • "I certainly don't consider it economic equity when my neighbor's house has five bedrooms, and I have to share a room with my kid!"

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  • I learned about economic equity in class that day and it made me really confused because I had never even heard of the word economy before.

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