Understanding Oligarchy: A Flashcard

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Oligarchy

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A form of government where power is held by a small group of people

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Characteristic of an oligarchy?

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Power is concentrated in the hands of a few individuals or families

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How does an oligarchy typically impact society?

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It often leads to unequal distribution of wealth and resources

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Which of the following is NOT a characteristic of an oligarchy?

• Concentration of power in a small group
• Equal representation of all social classes
• Limited political competition
• Influence of wealth on political decisions

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Equal representation of all social classes

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In an oligarchic system, who typically holds the power?

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A small group of wealthy or influential individuals