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Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') [1][2][3] is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such ...
The iron law of oligarchy is a political theory first developed by the German-born Italian sociologist Robert Michels in his 1911 book Political Parties. [1] It asserts that rule by an elite, or oligarchy, is inevitable as an "iron law" within any democratic organization as part of the "tactical and technical necessities" of the organization.
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Russian oligarchs (Russian: олигархи, romanized: oligarkhi) are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal ...
A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. [ 1][ 2] A business leader can be considered an oligarch if some of the following conditions are satisfied: uses monopolistic tactics to dominate an industry; possesses sufficient political power to promote their own interests;
An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few' and πωλέω (pōléō) 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market. Oligopolistic markets have homogenous products, few market participants, and inelastic demand for the products in those ...
Thirty Tyrants. The Thirty Tyrants (Ancient Greek: οἱ τριάκοντα τύραννοι, hoi triákonta týrannoi) were an oligarchy that briefly ruled Athens from 405 BC to 404 BC. Installed into power by the Spartans after the Athenian surrender in the Peloponnesian War, the Thirty became known for their tyrannical rule, first being ...
Mixed government (or a mixed constitution) is a form of government that combines elements of democracy, aristocracy and monarchy, ostensibly making impossible their respective degenerations which are conceived in Aristotle's Politics as anarchy, oligarchy and tyranny. The idea was popularized during classical antiquity in order to describe the ...