Elite Democracy
Definition
A theory suggesting that a small number of wealthy, influential people make the important decisions in society rather than the majority population.
Analogy
Consider elite democracy like being at a concert. While everyone enjoys the music (society), it's actually just a few people backstage - managers, producers etc., (the elites) who decide what songs will be played and how the concert will run.
Related terms
Oligarchy: A small group of people having control of a country, organization, or institution.
Power Elite Theory: The theory that a small number of wealthy and influential people make the important decisions in society.
Plutocracy: Government by the wealthy.
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