Equity

Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. It describes a state in which all people have approximately the same material wealth and income, or in which the general economic conditions of everyone’s lives are alike.
Achieving equal results generally entails reducing or eliminating material inequalities between individuals or households in society and usually involves a transfer of income or wealth from wealthier to poorer individuals, or adopting other measures to promote equality of condition.
One account in The Journal of Political Philosophy suggested that the term meant “equalising where people end up rather than where or how they begin”, but described this sense of the term as “simplistic” since it failed to identify what was supposed to be made equal.

Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. It describes a…