Economic equity refers to the fair distribution of wealth, resources, and opportunities within a society. It aims to reduce disparities in income and access to essential services, ensuring that all individuals have a chance to succeed regardless of their background. This concept is often linked to social justice and the idea that everyone should have equal access to economic benefits. Policies promoting economic equity may include progressive taxation, minimum wage laws, and social safety nets. These measures seek to level the playing field, allowing marginalized groups to participate fully in the economy. Achieving economic equity can lead to a more stable and prosperous society for everyone.