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Oligarchy is a form of governance in which power is concentrated in the hands of a small, elite group, often based on wealth, family ties, or military control, limiting broader participation in political decision-making. In contrast, democracy is a system where power is vested in the people, who exercise it directly or through elected representatives, ensuring broader participation and accountability in governance. While oligarchies can exist within democratic frameworks, true democracy emphasizes equality and inclusivity in political processes.

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1mo ago

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