Final answer:
The phrase pertains to the concept of impartial and fair treatment in society, relating to justice, equity, fairness, and equality.
Step-by-step explanation:
The phrase "This is even-handed dealing of the world" suggests a concept involving the fair and impartial treatment of people within a society. In this context, we are evaluating notions such as justice, equity, fairness, and equality. These terms, though related, carry different implications when applied to societal governance and law.
Justice often refers to the application of laws in a manner that is righteous and morally right, where consideration is given to individual circumstances to produce a reasonable and merciful outcome. Meanwhile, equity involves providing resources according to individuals' needs, aiming for an outcome where everyone has the same opportunity to succeed. Fairness is closely linked with justice and generally refers to actions that are free from bias, dishonesty, or injustice. Lastly, equality denotes the condition where everyone is awarded the same basic rights and opportunities without discrimination.