Explain Equal Verses Equitable Concept

question 16

Essay

Explain equal verses equitable concept.

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Definitions:

Third Sector

The segment of an economy or society that is composed of non-governmental organizations and other non-profit groups that provide public services and goods.

Globalization

The process of interaction and integration among people, companies, and governments worldwide.

Shallow Integration

A term in international trade referring to the reduction of tariffs and quotas, while deeper integration involves more extensive agreements that address beyond-the-border barriers.

Deep Integration

involves extensive coordination and harmonization of economic, social, and political policies between countries or organizations to achieve closer union.