distinguish between equal and equitable distribution of income. which one is more important and why?

distinguish between equal and equitable distribution of income. which

1.	distinguish between equal and equitable distribution of income. which one is more important and why?
Answer» yes<br>Distribution of wealth and income is\xa0the way in which the wealth and income of a nation are divided among its population.\xa0Equal means \'same\', whereas equitable means \'fairly\'. That way, equal distribution means\xa0every individual gets a name share in country\'s national income. Equitable distribution refers to a situation where differences in income are allowed but with certain limitations as such that these differences are socially warranted and are proportionate to the differences in qualifications and skills of different individuals in the society.\xa0A more equitable distribution of income may help accelerate growth and promote economic development.\xa0Equitable does not mean equal distribution of income. It refers\xa0to the distribution of income that\xa0is ‘fair,’ but the concept of ‘fair’ is subjective.