It still isn't a perfect correlation, but if the 90% of the rich support something there's a 60% chance the policy will be adopted (as opposed to <5% chance if <10% of the rich support it) so the rich can still feel like they don't always get what they want. However, there is a strong correlation between the opinion of the economic elite and whether a policy will be adopted. The short version is that there is almost no correlation between most people's opinion and whether a policy will be adopted. An oligarchy is a type of government ruled by a small group of people chosen because of any of several attributes such as their education, military record, social status, education, religion, or wealth. It focuses only on the economic elite so it really defines a Plutocracy.

In a plutocracy, the wealthy rule, but not always by being the elected leaders of the government. The group is chosen because of favorable factors such as military capability, wealth, race, political connections, religion, and education. Of course in Britain the rich can buy titles, but generally not titles with lands. An oligarchy is a system of government in which a small group runs the government. Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth. Difference Between Provident Fund and Pension Fund. The main difference between oligarchy and plutocracy is that oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority. Business related differences will be shown in this category. Similarly sometimes the upkeep of a manor house (which you can't sell) can be expensive so you can also be upper class buy not as rich. The main difference between oligarchy vs plutocracy is that in an oligarchy, only the wealthy are included in the decision-making process while in a. Answer (1 of 8): You have quite a few answers here but after reading them over I found none of them completely satisfying so here’s mine: Fascism is a militant nationalist movement that secures power through demagoguery(not corporatism).

In Britain, you can be rich but you aren't 'upper class' unless you're landed gentry. One example of the difference shows up in 'Dowton Abbey'. Of course powerful people frequently decide to become rich, so the two can blur together. Plutocracy = power held by a small number of wealthy people. Since it is a government of a few, the deciding factor here is what constitutes this few. Aristocracy Autocracy (Dictatorship) Band Society Oligarchy Ethnocracy Geniocracy Gerontocracy Kritarchy Netocracy Oligarchy (Standard) Plutocracy.

Oligarchy = power held by a small number of people. On the contrary, an oligarchy has a much wider scope.

Oligarchy vs. plutocracy