Equity

Noun

Definition: Fairness or justice in the distribution of resources or opportunities; often used to describe a system that is impartial and unbiased.

Synonyms: Fairness, Justice, Impartiality, Equality, Integrity

Antonyms: Inequality, Injustice, Unfairness

Examples:

The company strives for equity in hiring practices, ensuring equal opportunities for all candidates.
The government enacted policies to promote equity in education, aiming to bridge the gap between disadvantaged and privileged students.

Mnemonics:

Remember "equal" in "equity" to associate it with fairness and justice.

Etymology:

Origin:

From Middle English "equite," from Old French "equité," from Latin "aequitas" meaning "fairness" or "impartiality."

Historical Usage:

The concept of equity has deep historical roots in various legal systems and has evolved over time on the principles of fairness and justice.

Related Idioms:

Idiom:

"Equity and equality"

Explanation:

Refers to the distinction between fairness (equity) and sameness (equality). While equality treats everyone the same, equity recognizes individual needs and provides resources accordingly.

Misconceptions:

Misconception:

Confusing equity with equality.

Explanation:

While equality ensures that everyone is treated the same, equity recognizes that individuals may have different needs or disadvantages and aims to provide resources or opportunities accordingly. It focuses on achieving fairness rather than uniformity.