The gap between the poor and the rich has stretched to its widest levels since time memorial

The gap between the poor and the rich has stretched to its widest levels since time memorial. Economic inequality also referred to as the gap between the poor and the rich, wealth disparity or income inequality consists of the differences in the income and wealth distribution. Typically the term, the gap between the poor and the rich refers to inequality among groups and individuals in the society, but can as well refer to inequality among countries. The gap between the poor and the rich is related to the concept of equity: opportunity equality and outcome equality. This paper explores different aspects related to the growing gap between the poor and the rich.