Oligarchy Questions Medium
An oligarchy is a form of government where power is concentrated in the hands of a small group of individuals or families who possess wealth, social status, or political influence. In an oligarchy, this privileged group holds the majority of political power and often uses it to maintain their own interests and control over the government. Oligarchies can exist in various forms, such as aristocracies (rule by the nobility), plutocracies (rule by the wealthy), or military juntas (rule by a small group of military leaders). This system often leads to limited political participation and decision-making by the general population, as the ruling elite maintains their dominance and perpetuates their own interests.