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26 July, 15:02

Which economic goal does a society consider when deciding the best way to distribute its wealth?

A. economic equity

B. economic efficiency

C. economic growth and innovation

D. economic freedom

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Answers (1)
  1. 26 July, 15:29
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    A. economic equity

    Explanation:

    The concept of economic equity is related to the fairness of economics in particular in relation to the taxation and the economic wealth and welfare. Economic efficiency related to the general effectiveness of resource availability to the nation and the economy with a focus on minimizing the wastages in the economy. While the concept of equity is based on the income, the goods, and the services with the increase of funds and the commitment for the redistribution.
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