Inequity

An unfair distribution of material and non-material access and opportunity resulting in outcome and experience differences that are predictable by race, socioeconomic status, gender identity, home language, or other dimensions of identity.

Source: Understanding Equity and Inequity (Certificate-Bearing)

Equity

A commitment to action: the process of redistributing access and opportunity to be fair and just.

A way of being: the state of being free of bias, discrimination, and identity-predictable outcomes and experiences.

Source: Understanding Equity and Inequity (Certificate-Bearing)

I really like those definitions of equity and inequity from the Equity Literacy Institute. They are a structurally aware call to action to relieve minority stress.