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Rule by a powerful and often wealthy elite is known as:Question 34Select one:a.Nanoaucracyb.a republicc.Democracyd.oligarchy or plutocracyClear my choice

Question

Rule by a powerful and often wealthy elite is known as:Question 34Select one:a.Nanoaucracyb.a republicc.Democracyd.oligarchy or plutocracyClear my choice

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Solution

The rule by a powerful and often wealthy elite is known as an oligarchy or plutocracy. So, the correct answer is d. oligarchy or plutocracy.

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a. *Members of an oligarchy do not necessarily achieve their status based on ties to nobleancestry, while members of a monarchy do.*b. There is no difference - both members achieve status based on ties to noble ancestry.c. Both are elected by a democratic process, but monarchies have the right to override thepopular vote.d. Members of a monarchy do not necessarily achieve

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