This concept refers to an oligarchy, where a small group of individuals, often from wealthy or influential backgrounds, holds significant power and makes decisions for the larger society. In this system, the governing body may consist of individuals who share common interests, whether they be economic, political, or social. While an oligarchy can lead to efficient decision-making, it often raises concerns about representation, accountability, and potential abuse of power, as the interests of the majority may be overlooked or disregarded. Oligarchies can be found in various forms of government, including authoritarian regimes, but they can also influence democratic systems, where a few elite individuals might exert disproportionate influence over policy and governance.
c) A small group of powerful individuals would be responsible for society’s decisions.
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