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In this sense oligarchy is a debased form of aristocracy which denotes government by the few in which power is vested in the best individualsmost classic oligarchies have resulted when governing elites were recruited exclusively from a ruling castea.

Government budget surplus. A crown for monarchy and for oligarchy a shield with a crown in front perhaps. This group can focus on providing the day to day needs. Aristotle used the term oligarchia to designate the rule of the few when it was exercised not by the best but by bad persons unjustly.

A plutocracy is always an oligarchy but there could be some oligarchies that arent plutocracies. In a plutocracy the leaders are rich. These people may be distinguished by nobility wealth education corporate religious political or military control.

In a business environment it may look like a family maintaining full control of the board of directors. Their wealth and connections allow them to influence public policy behind the scenes. As per its definition an oligarchy is a system of government where the few be it families businesses scholars or individuals rule.

An oligarchy is a power structure that allows a few businesses families or individuals to rule a country. But how does this system work. From oligos oligos few and arxw arkho to rule or to command is a form of power structure in which power rests with a small number of people.

The benefit of having an oligarchy in place is that it consolidates power to one dominant group. For example a high school ruled by a popular clique is an oligarchy. As a government structure an oligarchy looks like a group of nobles with a royal family.

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. The leaders in an oligarchy dont have to be rich even though they usually are. Oligarchy from greek oligarxia oligarkhia.

An oligarchy is a power structure under which a small group of elite individuals families or corporations control a country. A plutocracy is a subset of an oligarchy. Aristocracy oligarchy monarchy and democracy are old concepts of government which can be traced back to ancient greece.

Jun 18 2008 buenos aires argentina a pro government sign which reads no to the oligarchy coup in reference to the large agricultural groups embroiled in a conflict with the national government are discarded among the crowd as pro government supporters flood the plaza de mayo during a ral. Aristocracy is rule by the best and the concept comes from platos.

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