Could you please explain to me what these terms mean in simplified terms. I already searched them up on net, and their definitions are complicated for me to understand.
Economic equity is the distribution of money and goods fairly. Many people do not believe that paying company bosses millions of dollars a year is economic equity.
http://www.businessdictionary.com/definition/economic-equity.html
Economic security is knowing that you'll have a job and enough income to live comfortably. It also includes an adequate retirement income.