👉 Plutocracy is a political system or practice where one party (usually the ruling party) has more power and control over government than others. In other words, in a plutocratic state, the majority of the population controls the means of production, distribution, and voting rights. In contrast, a democratic system would have equal representation for all citizens, with no single group having too much power or influence. This is because democracy requires that everyone has an equal say in the decisions that affect their lives,
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What is the definition of Plutocracy? 🙋
👉 Plutocracy is a political system characterized by a high degree of centralization, often involving the government holding significant power over most aspects of society. In this context, it refers to a form of governance where the government holds absolute power and control over economic, social, and cultural issues. In Western democracies, such as those in Europe, the United States, and Japan, there is typically an elected representative system with representatives from various political parties representing different interests. The central government operates under these laws
