What is a olagarchic?

Answer 1

An oligarchic system is a form of governance where power is concentrated in the hands of a small, elite group of individuals or families, often distinguished by wealth, social status, or political influence. These elites make decisions that benefit themselves, frequently at the expense of the broader population. Oligarchies can emerge in various political contexts, including democracies, where certain groups may exert disproportionate control over political and economic resources. This concentration of power can lead to inequality and limit the participation of the general public in governance.