Equity
| Procedural fairness in a sense of equal regard or dignity of individuals, within the system of governmental law and lawmaking; responsibly interpreting the fine points, gray areas, delimitations, etc. of the law; judging whether a law is good or just (in the widest sense of justice). | Equal weight in reckoning social welfare; getting one’s “fair” slice of a collective pie (often justified by citing the diminishing marginal utility of wealth). |