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An oligarchy is a form of government or social structure in which power and authority are concentrated in the hands of a small, privileged group of individuals or entities. These individuals or entities, often referred to as oligarchs, typically belong to the same social, economic, or political elite, and they use their influence and control to make key decisions that benefit their interests and maintain their dominance. Oligarchies can take various forms, such as a ruling family, a group of wealthy individuals, a political party, or a corporate elite. In contrast to a democracy, where power is ideally distributed among the people, in an oligarchy, a select few hold significant power and influence over the government and society.