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An oligarchy is a power structure made up of a few elite individuals, families, or corporations that are allowed to control a country or organization. This article examines the characteristics of oligarchies, their evolution, and how common they are today.
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few', and ἄρχω (árkhō) 'to rule, command') is a conceptual form of power structure in which power rests with a small number of people.
6 days ago · Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
- The Editors of Encyclopaedia Britannica
Aug 29, 2022 · Learn what an oligarchy is. Explore its meaning, study the characteristics of an oligarchic government, and review examples of present-day oligarchies throughout the world. Updated: 08/29/2022
Oct 19, 2023 · Broadly speaking, an oligarchy is a form of government characterized by the rule of a few persons or families. More specifically, the term was used by Greek philosopher Aristotle in contrast to aristocracy, which was another term to describe rule by a privileged few.
Mar 10, 2023 · An oligarchy is a form of government, just as a democracy or monarchy is. Here's how it works and a few examples of countries some say it applies to.
Characteristics. The main characteristics that can be observed within an oligarchy are the following: It is made up of millionaires, landowners and property; It is considered a social status that has a series of political implications. They use the pressure of economy to get benefits and more advantages. It does not approve social mobility.
