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What is the difference between economic efficiency and economic equity?

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    1. In the economic realm, efficiency is like cooking a meal using just the right ingredients and steps to get the tastiest dish—making the most out of resources. On the other hand, equity is about ensuring everyone gets a fair share of that delicious meal, so no one goes hungry. It's like balancing the‫اقرأ المزيد

      In the economic realm, efficiency is like cooking a meal using just the right ingredients and steps to get the tastiest dish—making the most out of resources. On the other hand, equity is about ensuring everyone gets a fair share of that delicious meal, so no one goes hungry. It’s like balancing the portions on the dinner table to make sure everyone gets a satisfying and fair slice.

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