Definition: In economics, an "oligarchically" defined term is a concept that refers to a system or individual where financial transactions are conducted through a single person. This means that all members of a group (such as corporations, governments, or individuals) have equal control over the means by which money is invested and used. For instance, in an oligarchic system, it would be difficult for any one individual to exert significant influence on the financial decisions made by other members of the group. Instead
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