Final answer:
Oligarchy is a form of government where power is concentrated in the hands of a small elite group.
Explanation:
Oligarchy is a form of government where power rests with a small elite group distinguished by factors like wealth, family, or military strength. The ruling class in an oligarchy is made up of a few powerful individuals rather than being led by one clear ruler. This system contrasts with a true democracy where more people have the opportunity to participate in decision-making.
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