equity
EK-wih-tee
/ˈɛkwɪti/
The quality of being fair and impartial; in healthcare, ensuring that people receive the specific resources they need to reach an equal outcome.
Equity is different from equality. Equality gives everyone the same pair of shoes; equity gives everyone a pair of shoes that fits.
The story behind the word. From the Latin 'aequitas,' meaning 'evenness' or 'fairness.' In Roman law, it was a system used to correct or supplement the written law when it was too rigid to be fair in a specific case.
Word relationships
- fairness: Fairness is a general term; equity is a more technical term used in law and policy to describe just distribution.
- inequity: Lack of fairness or justice.
Commonly confused with
- equality: Equality is sameness; equity is fairness based on individual needs.
Word family
- equitable (adjective): Fair and impartial.
Collocations
- health equity
- social equity
- equity of access
Example sentences
- "Global health equity requires that developing nations have the same access to life-saving vaccines as wealthy ones." Vaccine distribution.
- "Health equity is the state in which everyone has a fair and just opportunity to attain their highest level of health." Public health definition. (Centers for Disease Control and Prevention (CDC))
Memory hook
Equity is about 'Each' getting what they need to be 'Equal'. Fairness through need.
When not to use
In finance, 'equity' means the value of shares or property. Be careful of the context.
Fun facts
- In the English legal system, there used to be separate 'Courts of Equity' to handle cases where the strict 'Common Law' would result in an unfair outcome.
Also appears in
- Conflict → Fairness & Impartiality
- Business → Entrepreneurship & Startups
- Business → Compensation & Benefits
- Finance → Investment & Portfolio Management
- Finance → Stocks, Bonds & Derivatives
- Finance → Real Estate & Property
- Philosophy → Moral Philosophy & Ethical Theory
- Philosophy → Justice & Political Philosophy
- Economic Theory & Analysis → Structural Inequality & Distribution
- Demographics & Urban Studies → Housing Markets & Zoning
- Economic Theory & Analysis → Welfare Economics & Subsidies
- Political Science & Governance → Welfare State & Safety Nets
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