Productivity – people who are treated fairly and have equal opportunity are better able to contribute socially and economically to the community, and to enhance growth and prosperity. Confidence – an equal and fair society is likely to be safer by reducing entrenched social and economic disadvantage.

Antonyms: inequity, unfairness. Synonyms: paleness, fair-mindedness, beauteousness, loveliness, candor, equity, blondness, candour, comeliness.

Equal is defined as the same or exactly alike. [Equality] Fair is defined as just or appropriate in the circumstances. [Fairness]

Children usually think that “fair” and “equal” mean the same thing, but they do not. Fair means that everyone gets what they need or deserve while equal means that everyone gets the same regardless of need. Let your child know that depending on a person’s age, experience and ability, what’s fair may change.

As an adjective, it gets a bit trickier. The adjective fair, has several different meanings. If someone says, “That’s not fair!” they mean whatever happened wasn’t just or done in an unbiased way. If the rides at the fair were fair, then they were just so-so.

The difference between Equitable and Fair. When used as adjectives, equitable means marked by or having equity, whereas fair means beautiful, of a pleasing appearance, with a pure and fresh quality. Fair is also noun with the meaning: something which is fair (in various senses of the adjective).

Rick Riordan

Promoting fairness in the classroom not only gives the teacher respect but also gives the students a sense of safeness and trust within the classroom. Creating an environment that revolves around fairness, trust and respect will be beneficial to all of the children in the class.

Equality is about recognising that everyone has the same worth and should be treated with dignity. Sometimes people are treated badly or unfairly because of negative attitudes and stereotypes like racism. This type of treatment goes against the idea of equality and is known as discrimination.

It is important to ensure that the learner is informed about, understands and is able to participate in the assessment process, and agrees that the process is appropriate. …

Fair means everyone gets what they need, based on visible gaps in opportunity. And sometimes people will have different needs because we are unique individuals. For example: Some children wear glasses and some don’t.

To young children running a race on the school playground, fair simply means starting at the same place. In the race to education, fair is not equal. Treating students equally means that all students receive the same treatment regardless of their needs.

Equity represents the value that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company’s debts were paid off. We can also think of equity as a degree of residual ownership in a firm or asset after subtracting all debts associated with that asset.

Two common types of equity include stockholders’ and owner’s equity.

• Stockholders’ equity.
• Owner’s equity.
• Common stock.
• Preferred stock.
• Additional paid-in capital.
• Treasury stock.
• Retained earnings.

Some societies view equity as a worthy goal in and of itself because of its moral implications and its intimate link with fairness and social justice. Policies that promote equity can help, directly and indirectly, to reduce poverty. Policies that promote equity can boost social cohesion and reduce political conflict.

Equality vs. Equity. The difference between equality and equity must be emphasised. Although both promote fairness, equality achieves this through treating everyone the same regardless of need, while equity achieves this through treating people differently dependent on need.

Understanding the Equity-Efficiency Tradeoff An equity-efficiency tradeoff results when maximizing the efficiency of an economy leads to a reduction in its equity—as in how equitably its wealth or income is distributed. An economy is efficient in this sense when it maximizes the total utility of the participants.

An equitable society is one in which all can participate and prosper. The goals of equity. must be to create conditions that allow all to reach their full potential. In short, equity creates a path from hope to. change.