Economic Inequality refers to the unequal distribution of income and opportunity among different groups in society. It is often characterized by the existence of a lower class living below the poverty line, with a significant gap between them and higher social classes. This division is often influenced by various demographic factors, such as race, gender, and age. The concept also extends to the lack of access to essential services and opportunities for certain people in society. Economic inequality is measured by indicators like the Gini Index and poverty rates.