What term refers to the concept of what is right and just?

The term "equity" embodies the principle of what is right and just, particularly in the context of law and social justice. It emphasizes fairness and the need to consider individual circumstances to achieve justice. Equity goes beyond strict legal interpretation to ensure that outcomes are not only lawful but also morally sound and just. This concept is vital in various fields, including law, social policy, and ethics, where it's crucial to assess situations on a case-by-case basis and promote fairness for all involved.

Justice, while closely related, traditionally refers to the administration of the law and the upholding of legal rights and responsibilities, which may not always account for the nuances of individual situations. Similarly, fairness is a principle that aligns closely with equity but often addresses the distribution of resources or opportunities rather than the broader ethical implications of right and just actions. Law refers to established rules and guidelines that govern a community but doesn't inherently ensure a moral or ethical outcome. Hence, equity captures the essence of providing what is right and just in a comprehensive manner.