An oligarchy is a form of government where power is held by a small group of individuals who belong to the ruling class. This ruling class can be composed of wealthy individuals, influential elite, or a specific group such as a political party or military leaders. The main features of an oligarchy include:
1. Concentration of Power: Power is concentrated in the hands of a few individuals or a select group. This can lead to an imbalance of power and limited representation for the majority of the population.
2. Inequality: Oligarchies tend to perpetuate social and economic inequalities as the ruling class typically holds significant wealth, influence, and privileges, while the majority of the population may have limited access to resources and opportunities.
3. Limited Political Participation: Oligarchies often restrict political participation and decision-making to the ruling class, limiting the involvement of the wider population in the governing process. This can result in exclusion and marginalization of certain groups or perspectives.
4. Lack of Transparency: Oligarchies may lack transparency and accountability as the ruling elite may operate behind closed doors, making decisions that primarily benefit themselves rather than the general public. This can lead to corruption and a lack of checks and balances.
5. Persistence of Power: Oligarchies tend to maintain their power and influence over extended periods, often through mechanisms such as inheritance, nepotism, or controlling key institutions. This can result in a lack of political alternatives and a perpetuation of the ruling class.
Overall, an oligarchy is characterized by the domination of a few individuals or a select group, leading to an imbalance of power, limited representation, and a concentration of resources and advantages among the ruling elite.
Define e oligarchy and its features
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