Oligarchy
A form of power structure in which power rests with a small number of people
Real World Example
In Ancient Greece, oligarchy referred to a system where a small group of wealthy and powerful individuals made decisions for the whole community. This form of government was important because it contrasted with democracy, where power was shared among all citizens. Oligarchies responded to the need for order and control, especially in times when the city-states faced internal conflicts or threats from outside. Today, oligarchy still matters because it can be seen in how some companies or governments are run by a few influential people, affecting decisions that impact everyone. For example, if a few wealthy business owners in a town decide to close a factory, it can lead to job losses and economic changes for many families in the area.
