What is a oligharchy?

Answer 1

An oligarchy is a form of government in which power is concentrated in the hands of a small, elite group of individuals or families. This ruling class typically holds power based on factors such as wealth, social status, military control, or political influence. Oligarchies can exist within various political systems, often leading to limited democratic participation and inequality among the broader population. In such systems, decision-making is often driven by the interests of the elite rather than the general public.