The following sentence has been divided into parts. Identify the part that contains the grammatical error.
"Most of us have a (1)/ desire to create wealth in the (2)/ shortest period in time. (3)/ No Error (4)"

The incorrect part is "shortest period in time."
Detailed Grammar Explanation:
· "Period" and "in time" convey the same idea.
· The phrase "in time" is redundant and should be removed.
Correction:
· "Most of us have a desire to create wealth in the shortest period."
Example
· "The goal is to complete the project in the shortest period possible."