What is a system of government in which a small group of people holds power, often based on their wealth or social status?
An oligarchy is a system of government in which a small group of people holds power, often based on their wealth or social status.
What is Oligarchy:
Oligarchy means a political system governed by a few people. An oligarchy is a system of government in which a small group of people holds power, often based on their wealth or social status. Oligarchies can be aristocracies, in which power is held by a noble class, or plutocracies, in which power is held by the wealthy.
Examples of Oligarchy are Russia, China and Saudi Arabia etc
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MCQs of Current Affairs 2021 & 2022
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