An oligarchy is a form of government in which power is held by a small group of individuals, typically from wealthy or influential families. These individuals rule and make decisions for the entire society.
Oligarchy is a form of government where power is held by a small group of individuals, often distinguished by wealth, family, or social status. In an oligarchy, decisions and influence are usually concentrated in the hands of a few ruling elite, who may or may not act in the best interest of the wider population. Oligarchies can be hereditary, with power being passed down within particular families, or they can be based on other criteria, such as economic or political influence. It is worth noting that oligarchies can exist within other forms of government, such as a republic or a monarchy.
