Final answer:
The process described is known as enrichment, which is part of the societal debate on education equity and opportunities, considering the impact that family wealth can have on access to educational resources.
Step-by-step explanation:
The process of wealthy parents enrolling their children in private school, providing them with a private tutor, and offering many opportunities for extracurricular activities is referred to as enrichment. Enrichment involves enhancing a child's education and growth through additional resources and opportunities beyond those available in standard public schooling. The concept of enrichment is often discussed in the context of societal issues, such as the equity of educational opportunities, as there are concerns about meritocracies and whether all applicants truly receive a fair chance in competitive schooling environments.
While school choice, including options like school vouchers and charter schools, is advocated by some as a way to improve educational outcomes, it also presents challenges. It may exacerbate existing disparities, as children from wealthier families often have access to greater educational resources and therefore might achieve better outcomes. The practices of wealthy families hiring extra educational help can shape the upbringing of their children towards white-collar employment and reinforce societal class structures.