Elite theory asserts that a small, wealthy elite group wields significant political power by influencing decision-making processes to serve their own interests.
Elite theory posits that political power rests in the hands of a small, wealthy group of individuals who largely influence decision-making processes to benefit themselves. This theory emphasizes the power of organized business, military interests, and affluent strata in society. It suggests that the elite control the political system through their wealth and connections, securing important positions to shape policies.
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