"Much greater" is used to indicate a strong inequality in which is not only greater than , but much greater (by some convention), is denoted . For an astronomer, "much" may mean by a factor of 100 (or even 10), while for a mathematician, it might mean by a factor of (or even much more).
Euclid used the terminology that if is greater than and is greater than , then is said to be much (or far) greater than . In that sense, "far greater than" is synonymous with "greater than" for a dense set of ordered quantities.