Who has oligarcity?

Answer 1

"Oligarcity" refers to a concept in which a small group of individuals or entities holds significant power and influence over a particular area, often economics or politics. This term can be associated with various countries where oligarchs—wealthy and powerful individuals—control substantial resources and decision-making processes. Notably, Russia has been known for its oligarchs, particularly following the dissolution of the Soviet Union. The concept can also apply to other nations with similar concentrations of power and wealth.