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Oligarchies increase income inequality. That's because the oligarchs siphon a nation's wealth into their pockets. That leaves less for everyone else. As the insider group gains power, it seeks to keep it. As their knowledge and expertise grow, it becomes more difficult for anyone else to break in. Oligarchies can become stale. They pick people like them who share the same values and worldview.

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An explanation of what an oligarchy is, and how it works.-- Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free.

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Oligarchies exist in any organization that delegates power to a small group of movers and shakers. Some power must be delegated to a group of expert insiders so that an organization can function. In other words, it's not efficient for everyone to make all the decisions all the time.

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Oligarchy : An oligarchy is an organization controlled by just a few businesses or individuals. They have enough power to turn the organization to benefit them to the exclusion of other members. They maintain their power through their relationships with each other. Oligarchy is from the Greek word oligarkhes. It means "few governing."

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Oligarchy : An oligarchy is an organization controlled by just a few businesses or individuals. They have enough power to turn the organization to benefit them to the exclusion of other members. They maintain their power through their relationships with each other. Oligarchy is from the Greek word oligarkhes. It means "few governing."

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An Oligarchy is usually ruled by people who are wealthy or royalty

Debased from aristocracy

These decisions are not influenced by the people

Oligarchs are the rulers

usually a certain class, hereditary

Oligarchy is a form of Aristocracy, giving power to the "best" people in the society

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Soviet Union
China
North Korea
Venezuela
United States?