An oligarchy is a system where a select few hold power. These elite individuals control wealth, resources, and decision-making. Plutocrats, aristocrats, or influential families often dominate oligarchies. They maintain control through nepotism, corruption, and authoritarian rule. Oligarchies tend to stifle democratic processes and perpetuate inequality. Citizens have limited influence on policies under oligarchic regimes. Money and connections determine opportunities and success in such systems. Oligarchs prioritize preserving their status and interests over the well-being of the general population. This hierarchical structure consolidates power among a privileged minority, creating barriers to social mobility and fairness for the masses.