Equality: starting out at the same position, for example we have equal rights under the law
Equity: winding up at the same position, for example when everybody in a race wins the same medal, regardless of how hard they trained or how talented they are.
The extent to which equality of outcome is pursued and for which groups are traditionally factors, but the overarching idea is in pursuit of equality of outcome.
Equality: starting out at the same position, for example we have equal rights under the law
Equity: winding up at the same position, for example when everybody in a race wins the same medal, regardless of how hard they trained or how talented they are.
An apocryphal story about equity:
https://www.tnellen.com/cybereng/harrison.html
There's no definition of equity that I can find that returns that result so we'll just have to agree to disagree.
Equity in this context usually refers to the concept of Social Equity, which is interested in equality of outcome
https://en.wikipedia.org/wiki/Social_equity
The extent to which equality of outcome is pursued and for which groups are traditionally factors, but the overarching idea is in pursuit of equality of outcome.