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What Is Equity, and How Does It Differ from Efficiency

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What is equity, and how does it differ from efficiency?


Definitions:

Contributing

Refers to the act of providing resources or help towards a common goal or fund.

Litres of Gasoline

A unit of measure used to quantify volumes of gasoline, commonly used in fuel transactions.

Rate of Consumption

The speed at which goods or services are being used up or consumed.

Kilometres

A unit of length in the metric system equal to 1,000 meters, commonly used to measure distances.

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