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The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...
While substantive equality for group outcomes can be measured by comparing statistically significant differences in subgroup outcomes, formal equality of opportunities does not require equal outcomes between groups. If equality of opportunity is violated, perhaps by discrimination which affects a subgroup or population over time, it is possible ...
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
Equity is a term sometimes confused with equality. [2] Equity and inclusion policy provide a framework for educators and academic administrators that guides training and delivery of instruction and programming. [3] School boards use equity and inclusion principles to promote the use of resources that reflect the diversity of students and their ...
The utilization of Gender Parity Index (GPI) by economists enables comprehensive monitoring and assessment of a nation's economic progress from a gender equality perspective. [3] It is believed by many economists that gender inequality results in economic consequences such as increased unemployment, decreased output, and vast income inequality. [8]
Income equality may refer to: Economic egalitarianism , a state of economic affairs in which equality of outcome has been manufactured for all participants Economic inequality , differences in the distribution of wealth and income within or between populations or individuals
Substantive equality is a substantive law on human rights that is concerned with equality of outcome for disadvantaged and marginalized people and groups and generally all subgroups in society. [ 2 ] [ 3 ] Scholars define substantive equality as an output or outcome of the policies, procedures, and practices used by nation states and private ...
Economic justice is a component of social justice and welfare economics. It is a set of moral and ethical principles for building economic institutions, where the ultimate goal is to create an opportunity for each person to establish a sufficient material foundation upon which to have a dignified, productive, and creative life. [1]."