Oligarchs are wealthy individuals who possess significant political influence due to their economic power. They often use their wealth to shape policies and gain control over key sectors of the economy.
Imagine a group of powerful business tycoons as a team of superheroes with immense wealth. Just like how superheroes have extraordinary abilities, oligarchs have extraordinary economic influence.
Plutocracy: Plutocracy refers to a system where political power is held by the wealthiest individuals or families.
Crony Capitalism: Crony capitalism describes a situation where close relationships between business elites and government officials lead to unfair advantages and corruption.
Wealth Inequality: Wealth inequality refers to the unequal distribution of assets and resources among individuals or groups within a society.
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