A wealth gap is an economic difference between 1: nations. 2: classes. 3: businesses. 4: governments.

Posted: 01-05-2024

A wealth gap is an economic difference between

1: nations.

2: classes.

3: businesses.

4: governments.

Answer: 2: classes.

The comparison of the wealth is called a rich gap between the socioeconomic groups in the society or country that possesses different wealth levels. This is a reference to the large divergence in accumulated assets, income levels, and overall economic condition between the people who command higher and greater resources and those who have fewer assets. The income gap can be quantified in terms of wealth including net worth, earnings, home ownership rates, and accessibility to better schooling or employment opportunities. It serves to emphasize that these different areas of society contain people with varied ways of making a living, while at that some are still subjected to internal ones. Overcoming the relative poverty burden is a big challenge that needs to be succeeded through holistic policies and programs that focus on the economic distribution and social advancement.