The correct statement that accurately describes the characteristics of each government type is:
Oligarchies and monarchies had a ruling class that presided over the people while democracies relied entirely on the people.
This statement reflects the fundamental differences in governance structures between oligarchies, monarchies, and democracies. In oligarchies and monarchies, power is held by a small group or a singular ruler, while in democracies, the power is derived from the people and their voting rights.