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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 ...
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
Equal opportunity, a stipulation that all people should be treated similarly; Equality of outcome, in which the general conditions of people's lives are similar; Substantive equality, Equality of outcome for groups; For specific groups: Gender equality; Racial equality; Social equality, in which all people within a group have the same status
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Particularly radical is the view of the Sraffian school on this issue: the labour demand curve cannot be determined hence a level of wages ensuring the equality between supply and demand for labour does not exist, and economics should resume the viewpoint of the classical economists, according to whom competition in labour markets does not and ...
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
The need to formulate general legal principles on equality was defined on the basis of (i) acknowledging the pervasiveness of discrimination and the weaknesses in the protection of the right to equality at both international and national levels, (ii) the absence of comprehensive equality legislation in many countries around the world and the recognition that such legislation is necessary to ...
The effect suggests a link between social equality or concessions by the regime and unintended consequences, as social reforms can raise expectations that can't be matched. [5] According to the Tocqueville effect, a revolution is likely to occur after an improvement in social conditions, in contrast to Marx 's theory of revolution as a result ...