SSC MTS EXAM

Detailed explanation-1: -oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies .

Detailed explanation-2: -An oligarchy is a type of ruling structure in which a few people wield power. Typically, the rulers come from a small privileged group and use their power to seek personal gain or benefits for their group. The term oligarchy has been used to describe historical examples of government rule by the few.

Detailed explanation-3: -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.