EQUITY V/S EQUALITY

SUBMITTED BY:INDU NATH JHA

Sem- 3

Equity can be defined as the quality of treating individuals fairly based on their needs and requirements.

This does not denote that an equal amount should be distributed to each and every individual. On the contrary, it highlights that things should be distributed based on the need

EQUITY

In business, do you divide profits equally among the labor and officer class?

Or divide the profits among the partners equally?

Or according to their share of ownership? This explains the concept of equity. Equity is a principle that is based upon justness and fairness while equality demands everyone be treated at the same level.

Let us comprehend this through an example

Equality can be defined as treating each and every individual in the same manner irrespective of needs and requirements.

This is to say that whatever the necessity of the individual is, it is ignored to promote the ideals of fairness and equal treatment

EQUALITY

If you are the teacher of a class and have been given the task of distributing chocolates to all the kids equally,

what you will do is to divide the total number of chocolates you have by the total number of students in your class and arrive at the number to be given to each child. This is what is denoted by the concept of equality.

Let us see by an example

EQUITY v/s EQUALITY

EQUITY EQUALITY

It is based upon justness and fairness.

Attention is paid to individual needs and requirements

It demands everyone be treated at the same level.

Individual needs and requirements are ignored.

Equity and equality, the difference between equity and equality is quite clear, but those who are not aware of the nuances of English language often confuse between these two words.

Whlie equity represents impartiality, i.e. the distribution is made in such a way to even opportunities for all the people.

In equity, all the people can have access to what they need.

Conversely equality indicates uniformity, where everything is evenly distributed among people.

The equality, in contrast, all the people get the same thing, i.e. rights, resources and opportunities.

EQUITY v/s EQUALITY(justice v/s equal)

It can be simply understand as……

EQUALITY v/s EQUITY

THANK YOU……….