The document discusses the 'word gap' phenomenon, where children from different socio-economic backgrounds acquire language at differing rates, with significant vocabulary disparities emerging by age three. It suggests that engaging conversationally, using descriptive language, and actively listening can help bridge this gap, as advocated by researchers like Dr. Dana Suskind. Effective strategies for parents and teachers include tuning in to children's interests, ensuring conversational turns, and making reading a regular and interactive activity.