Question

Which economic goal does a society consider when deciding the best way to distribute its wealth?

A. economic equity


B. economic efficiency


C. economic growth and innovation


D. economic freedom

Answer 1

A. economic equity

Step-by-step explanation:

• The concept of economic equity is related to the fairness of economics in particular in relation to the taxation and the economic wealth and welfare.

• Economic efficiency related to the general effectiveness of resource availability to the nation and the economy with a focus on minimizing the wastages in the economy.

• While the concept of equity is based on the income, the goods, and the services with the increase of funds and the commitment for the redistribution.