An oligarchy is a form of power structure in which a small group of people reign. These people often come from prominent families but not always. They could also be chosen or distinguished by wealth, education, or other factors.
In an oligarchy, a small group of individuals, often wealthy or powerful, hold political control. This group can consist of aristocrats, military leaders, or other elite members of society. Decisions and policies in an oligarchy are typically made by this select few rather than the broader population.
The four major types of government are democracy, monarchy, dictatorship, and oligarchy. Democracy is a system where the people hold the power, monarchy is ruled by a royal family, dictatorship is ruled by a single leader with absolute power, and oligarchy is ruled by a small group of individuals.
A bad thing about an oligarchy is that power is concentrated in the hands of a small group of people, leading to potential inequality, limited representation for the broader population, and reduced accountability of those in power.
Financial oligarchy is a system where a small, elite group of individuals or institutions control a large portion of a nation's wealth and influence its economic policies. This concentration of wealth and power can lead to inequality, corruption, and disproportionate influence over government decisions.
Oligarchy and aristocracy were similar in that both were forms of government where power was concentrated in the hands of a few individuals or families. In an oligarchy, power was usually held by a small group of wealthy or well-connected individuals, while in an aristocracy, power was typically held by a hereditary ruling class of nobles or elites. Both systems often limited political participation to a privileged few and could lead to inequality and social unrest.
Some strengths of oligarchy include efficient decision-making, stability in governance, and the potential for expertise and competence among a select few individuals in power.
It is called oligarchy.
An aristocracy government was ruled by one King/Queen, an oligarchy government was ruled by the few.
an oligarchy is ruled by an elite group; an absolute monarchy is ruled by a single individual.
oligarchy
Oligarchy
It was ruled only by a selected few, called an oligarchy
An oligarchy is not run by one person. An oligarchy is a group of people leading a place
Oligarchy
Oligarchy
See Oligarchy
Sparta.
Since the government of Sparta was an oligarchy it was ruled by few.