Economics A-Level
Equity and fairness
What Equity and fairness means in Economics A-Level, as defined for AQA.
Definition of Equity and fairness
Check what you remember
Read the wording for your board, then hide it and explain Equity and fairness in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
What individuals consider just or equitable, which heavily shapes economic interactions and can lead consumers to reject unequal distributions.
Topics that use Equity and fairness
- Aspects of behavioural economic theory (AQA A-Level)
Related terms
- Anchoring
- Availability bias
- Behavioural economics
- Bounded rationality
- Bounded self-control
- Consumer behaviour
- Satisficing behaviour
- Utility maximisation
Using Equity and fairness in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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