What are the positive aspects of oligarchy?
Answers
Answer:
An oligarchy is a power structure that allows a few businesses, families, or individuals to rule. Those few ruling members have enough power to create policies that benefit them to the exclusion of the rest of society.
They maintain their power through their relationships with each other. The term "oligarchy" comes from the Greek word oligarchia, and it means "few governing." 1
Three of the most well-known countries with oligarchies are Russia, China, and Iran. Other examples are Saudi Arabia, Turkey, and apartheid-era South Africa.2
A plutocracy is a subset of an oligarchy. In a plutocracy, the leaders are rich. The leaders in an oligarchy don't have to be rich, even though they usually are. For example, a high school ruled by a popular clique is an oligarchy. A plutocracy is always an oligarchy, but there could be some oligarchies that aren't plutocracies.
Answer:
The people who hold the power in an oligarchy are called “oligarchs” and are related by characteristics such as wealth, family, nobility, corporate interests, religion, politics, or military power. Oligarchies can control all forms of government, including constitutional democracies.