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An oligarchy is a type of government where the rich get richer and the poor get poorer. The definition of an oligarchy is rule by the few, usually a wealthy or privileged group of people. People may want to have an oligarchy because decisions are made quickly, there is expert leadership that avoids the rule of one monarch or dictator, rulers are well-educated, and oligarchs work together to rule more effectively. The Mafia are an oligarchy. So are unregulated financial institutions.

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15y ago

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