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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 ...
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 ...
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;
Oligopsony. 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 ...
A benevolent dictatorship is a government in which an authoritarian leader exercises absolute political power over the state, but is perceived to do so with regard for the benefit of the population as a whole. It stands in contrast to the decidedly malevolent stereotype of a dictator, who focuses on their supporters and their own self-interests.
Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. [1]
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.
Pros and cons of a smaller down payment. On the flip side, a smaller down payment can get you into a home more quickly and leave you with more savings for other financial needs and objectives ...