Question

Equity is A. when poorer​ people's income is growing more rapidly than more wealthy​ people's income. B. always achieved by the market. C. the fair distribution of economic benefits. D. an exactly equal distribution of income.

Answer 1

The answer is C. The fair distribution of economic benefits.

Step-by-step explanation:

Social equity is achieved when every person within a specific society has the same opportuinities and access to economic, social and political resources and rights. In economics, equity means the fair distribution of economic benefits, according to this principle, the people that are more in need would have to recieve more economic benefits than the upper class, which would be a fair distribution. However, in reality, although there are some nations that have lessened their inequality levels, the rich tend to control social and political resources in a way that they still recieve most of the economic benefits.