Wealth concentration refers to the unequal distribution of assets and resources among individuals or groups within a society. It occurs when a small percentage of the population holds a large portion of the total wealth, while the majority has significantly less. This phenomenon can lead to economic disparities and social tensions. Factors contributing to wealth concentration include inheritance, investment opportunities, and education. Policies such as tax structures and minimum wage laws can also influence how wealth is distributed. Understanding wealth concentration is essential for addressing issues related to economic inequality and promoting a more equitable society.