A POLITICAL SYSTEM IN WHICH A FEW RULE IS KNOWN AS

• A. monarch
• B. technocracy
• C. oligarchy ✓
• D. gerontocracy

The answer to the question is: C. oligarchy

An oligarchy is a political system in which a few individuals or a small group of people hold power and control over the government and decision-making processes. In an oligarchy, the ruling elite typically come from privileged backgrounds and maintain their authority through wealth, social status, or military power. This form of government often leads to inequality and limited political participation among the general population.

Oligarchies can take various forms, such as aristocracies (rule by the nobility), plutocracies (rule by the wealthy), or military juntas (rule by military leaders). The term “oligarchy” is derived from the Greek words “oligos,” meaning “few,” and “arkhein,” meaning “to rule.”

In contrast to democracies where power is ideally distributed among the people, in an oligarchy, power is concentrated in the hands of a select few. This concentration of power can lead to corruption, favoritism, and policies that primarily benefit the ruling elite rather than the broader population.