What you’ll learn5 learning objectivesChoose one objective for a focused lesson, or study the complete topic.8.2.1Equity vs equality• Difference between equity and equalitySyllabus objective8.2.2Equity vs efficiency• Difference between equity and efficiencySyllabus objective8.2.3Absolute vs relative poverty• Distinction between absolute poverty and relative povertySyllabus objective8.2.4Poverty trap• The poverty trapSyllabus objective8.2.5Equity/equality policies• Policies towards equity and equality, for example:- negative income tax- universal benefits and means-tested benefits- universal basic incomeSyllabus objective