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What is the diff between equity …

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What is the diff between equity and equautable share of income

Posted by Aakansha Pundir 8 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Vidhi Jain 8 years, 3 months ago

Equity means giving income accordingly to their status and skill set,for ex:doctor been given income of rupees 50,000 for a month And a worker given salary of rupees 20,000 for a month.. On the other hand equal means giving equal share of income irrespective of their status and skill set,foe ex.:giving all the workers ,doctors,nurses the same salary of rupees 30,000. A doctor wouldn't work on d salary of a clerk,thats why equitable distribution is given preferences.

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