GENERAL KNOWLEDGE

Detailed explanation-1: -An oligarchy is a form of government where power or authority is in the hands of a small class of privileged people or people who have similar or shared interests. An oligarchy is different from a democracy in the sense that very few people have the choice to vote or change anything.

Detailed explanation-2: -An Oligarchy Government is a government ruled by a few individuals. In other words, it is a form of government in which a small group of people holds all the power. Example: Ancient Rome, South Africa when it was ruled only the whites.

Detailed explanation-3: -Oligarchies are not the most common form of government. The most common form of government in the world today is democracy. Oligarchies were once more common in the past. Mass movements towards decolonization and democratization have resulted in there being far fewer oligarchies in the world today.