Definition

The state of being equal or having the same value, amount, or status, often used in contexts like economics or computer science.

Example

The government aims to achieve parity in agricultural prices to support farmers.

Conversation

I was reading about how some countries achieve parity in their economies.

Really? That sounds interesting, how do they do that?

They often set price controls to ensure that farmers can earn a decent income and maintain parity with their costs.

That makes sense! It’s important for everyone to have a fair chance.

Synonyms & Antonyms

Root Explanation

Parity → It is derived from the Latin word "paritas" (meaning equality or being equal), which comes from "par" (meaning equal). The term refers to the state of being equal or equivalent, especially in terms of value or status.

Memory Tip

Think of 'equal' ('par') to remember that 'parity' means the state of being equal.

Visually Confused Words