Economic equity simply Mena's fairness. It is the function of every government to promote economic equity in the society.
This is a vital goal for the government as everyone should be treated equally and fairly as no one is above the other in the society.
Some of the ways that the government can promote economic equity is provision of infrastructural facilities for everyone in the society and not only the people in the urban areas. Those in rural areas shouldn't be left out.
Government can also redistribute income so that there can be a reduction between the gap that exists between the rich and those that are not financially bouyant. This can be done through taxation.
Economic equity is vital as it helps in the improvement of the standard of living of the people and the growth and development of a country.
it was easier for Europeans to cross the Atlantic than for Chinese to cross the Pacific. Secondly, Europeans were motivated by the desire to access China's legendary wealth whereas Chinese had no such incentive for exploration. However, both these reasons are debatable.
