Economics A-Level
Equity
What Equity means in Economics A-Level, as defined for AQA.
Definitions of Equity
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Reference: AQA
Means fairness, a normative concept reliant on value judgements, unlike equality, which is a positive, measurable fact.
A benefit provided by government action, to be weighed against the benefits of market efficiency in evaluation.
An ownership stake in a business, typically raised by issuing shares, which does not have to be repaid.
The fairness of the outcomes of price discrimination, which must be weighed when assessing its impact.
A normative concept relating to fairness and justice in the distribution of income.
A normative, subjective concept concerning fairness and justice.
Topics that use Equity
- Government intervention in markets (AQA A-Level)
- Price discrimination (AQA A-Level)
- The distribution of income and wealth (AQA A-Level)
- The structure of financial markets and financial (AQA A-Level)
Related terms
- Government intervention
- Allocative inefficiency
- Arbitrage
- Asset Ownership
- Asset Price Inflation
- Broad money
- Consumer surplus
- Coupon
Using Equity in the exam
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