By: Morgan Linfield

What is Oligarchy?

Oligarchy is a form of government in which only a few people hold the power. These people are usually wealthy and have a full education. This small government holds all of the power, and the officials are elected by the citizens.

How are the laws made?

The laws in an oligarchy are made by an elite, or a representative from an elite.

Why is Oligarchy good?

It is good because all of the officials would have money, and a good education. Why is that important? you might wonder. Here's why. If we would have an official without a full education, he/she might make an uninformed decision. That would be a travesty! If we had an official that never had money, he/she would not fully understand the concept of financial literacy.