An oligarchy is a government type where power resides with a small elite group based on factors like wealth, military might, or family ties.
Oligarchy is a form of government where power is held by a small, elite group distinguished by factors like wealth, military strength, or family ties. It differs from a true democracy as only a select few wield power. An example is the oligarchic system in contemporary Russia, where economic influence translates into political power.
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