Which concept describes the fairness of wealth distribution within an economy?

• A. Productivity
• B. Economic Equity
• C. Capital
• D. Traditional Economy

Answer: (B)

Economic equity concerns how wealth and income are distributed across society and whether that distribution is fair. The question asks for the term that describes fairness of wealth distribution, and economic equity directly captures that idea. Productivity is about output per input, not how wealth is shared. Capital refers to the assets used to produce goods and services. A traditional economy is a way of organizing production based on customs, not the fairness of distribution. Concepts like progressive taxes or social programs are tools aimed at improving economic equity, so the best description of fairness in wealth distribution is economic equity.