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When a government is run by a few wealthy individuals, it can lead to significant inequality and a lack of representation for the broader population. Policies may favor the interests of the elite, exacerbating social divisions and neglecting the needs of lower-income citizens. This concentration of power can also stifle democratic processes, reduce accountability, and foster corruption, ultimately undermining public trust in government institutions. Additionally, such a dynamic can hinder social mobility and economic opportunity for the majority.

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1mo ago

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Related Questions

What is the system of government where a few wealthy people hold power over the larger group?

Oligarchy is government by the few. Plutocracy is government by the wealthy few.


Type of government controlled by a few wealthy people?

An oligarchy is a government controlled by a small group of wealthy landowners and corporate leaders.


What caused the wealthy city of Meroe to disappear?

they were conquered and many people forgot about them


What describes a government in which only a small group of wealthy people have power?

oligarchy


Which government tries to prevent the creation of really wealthy people and really poor people?

the chinese government and most other communistical countries


How do people cope with the problems caused by ice?

they melt it !


What government is it when all the laws and decisions are made ny a group of wealthy people?

capitalism


In the Roman Empire the wealthy citizens were called?

Wealthy people of Rome were called Patricians. American Government class? Me too. Tcarver6


System of government where a few wealthy people hold power over the larger group?

olygarchy


What kind of people did Hamilton believe were best suited to run the government?

the wealthy and educated class


What caused some people to want to take away from wealthy landowners?

they wanted everything to be treated fairly and equally. :)


Disadvantages about plutocracy?

Since Plutocracy is a government ran by the wealthy, there could be a few disadvantages but also there could be some advantages, also. Disadvantages: Wealthy People running a government can be a bad idea. They could make people pay more money for taxes, and they could make people pay more for cars and anything in stores. Advantages: Wealthy people running a government could also be a good idea. Knowing that wealthy people can cherish their money and not want to give it away, they could higher people to make money for them so that there will be less taxes and more money towards employed people.