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What is a Plutocracy?
Plutocracy is a government which the wealthy control exclusively either directly or indirectly. A plutocracy permits, either by circumstance or openly, only the wealthy to rule.
What is the Etomology of the Word Plutocracy?
The word Plutocracy originates from the Greek words ploutos or wealthy, and kratos ruling, power.
What is the Effect of a Plutocracy?
A plutocracy can then bring about policies designed to help the wealthy.
Back to:ECONOMIC ANALYSIS & MONETARY POLICY
How Does a Plutocracy Arise?
A plutocracy generally arises in systems with rigid class systems. it also arises in systems where wealthy or powerful individuals have access to specific programs, such as educational resources.
How Does Regulation Contribute to a Plutocracy ?
Laws or regulations that serve to benefit the the wealthy often concentrates income and creates asset-based inequality.
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