What does the term ultra-rich mean?

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Highly wealthy

Wealthy

Highly healthy

Not very wealthy

answer is A.

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Detailed Solution

The term ultra-rich means highly wealthy. The economic inequalities prevailing in society lead to the differences between the rich and the poor. The difference between rich and poor emerges from various factors such as social status, economic background, geographical resources, and access to other resources such as infrastructure, economic policies of the government, per capita income, employment policies, etc. The term ultra-rich refers to those who possess abundant resources more than required. Democracies have seen higher inequalities than other types of government. Although democracy tries to remove the socio-economic inequalities, it is impossible to remove them permanently as they are rooted in the social fabric of society.

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