EQUITY: This has two, not totally unrelated, uses in our wonderful world of economics. The first is as one of the two micro goals (the other being efficiency) of a mixed economy. This use relates to the "fairness" of our income or wealth distributions. The second use of the term equity means ownership, especially the ownership of a business or corporation. See also | scarcity | satisfaction | resources | economic goals | micro goals | efficiency | macro goals | income distribution | wealth distribution | third rule of inequality | distribution standards | needs standard | contributive standard | equality standard | corporate stock | asset |
