Oligarchy Questions
An oligarchy is a form of government where power is held by a small group of individuals who belong to a specific social, economic, or political elite. The characteristics of an oligarchy include:
1. Concentration of power: Power is concentrated in the hands of a few individuals or families who control the government and make important decisions.
2. Limited participation: The majority of the population has limited or no participation in the decision-making process. Political power is restricted to a select few.
3. Wealth and privilege: Oligarchies are often associated with wealth and privilege, as the ruling elite typically come from affluent backgrounds and have significant economic influence.
4. Inequality: Oligarchies tend to perpetuate social and economic inequality, as the ruling class often prioritizes their own interests over those of the general population.
5. Lack of accountability: Oligarchies often lack transparency and accountability, as the ruling elite may not be subject to the same checks and balances as in other forms of government.
6. Stability and continuity: Oligarchies can be relatively stable and long-lasting, as power is typically passed down within the ruling families or groups, ensuring continuity and the preservation of their interests.
Overall, an oligarchy is characterized by the concentration of power in the hands of a few, limited participation, inequality, and a lack of accountability.