society

Difference Between Equality and Equity

by

The terms equality and equity are often confused for the other due to the similarity in sound and usage. In societal systems however, the two are significantly different. Equality and equity are both words that are used to refer to the treatment of a group and are often associated with terms like justice and fairness. … Read more

Difference Between Capitalism and Socialism

by

Capitalism and socialism are two political and economic systems that significantly contrast with each other in terms of theory, practice, and impact. Here are the differences between capitalism and socialism. Capitalism is centered on the concept that a nation or country’s trades and industries are under the control of private ownership for the purpose of … Read more