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What Are the Two Different Meanings of the Term Equity

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What are the two different meanings of the term equity?


Definitions:

Gallons of Gasoline

A measure of volume used in the United States for gasoline, with one gallon equal to approximately 3.785 liters.

Shirts

Clothing articles designed to cover the upper part of the body, typically with sleeves and a collar.

Budget Line

A graphical depiction of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.

Consumption Bundles

Combinations of various goods and services that a consumer might purchase using their total available income.

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