Polarization (economics)

Polarization is a term used to describe the gap between the rich and the poor in a society. This gap can be seen in a lot of different areas, such as income, wealth, education, healthcare, and access to job opportunities. Polarization happens when the wealthy get richer, while the poor get poorer. This means that the gap between the two groups increases over time, with the wealthy having access to more resources and power, while the poor have fewer resources and less power. In economics, polarization affects the economy as a whole, because it restricts economic growth, prevents equal access to opportunities, and increases inequality in society.