Oligarchy

Oligarchy: Easy to understand

In Ancient Greece, an oligarchy was a government where a small group of wealthy and influential people held power, often coming from noble families. This structure responded to the need for stability and control in city-states where democracy or monarchy might have been impractical. Oligarchies were important because they allowed for quick decision-making by experienced leaders, although they often ignored the needs of the poorer population. Today, the concept of oligarchy still matters because it can be seen in modern scenarios where a small group of people, like wealthy business owners, influence political decisions. For example, if a few rich individuals fund political campaigns or lobby for laws, they might shape policies that affect jobs, healthcare, and education, impacting everyone’s daily life.

Oligarchy Definition

Practice Version

Oligarchy Definition

Oligarchy: A form of power structure in which power rests with a small number of people. Oligarchy. In history, an oligarchy is when a small group of people, often wealthy or influential, control a country or organization.