What Is The Difference Between An Autocracy And An Oligarchy

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When on person possesses unlimited power in a government then it is called as autocracy. What is the difference between an autocracy and an oligarchy. The widely used definition of autocracy is a government type in which a single person has unlimited authority whereas oligarchy is defined as system governed by a few powerful people. So what exactly is the difference between autocracy and oligarchy.

Autocracy and oligarchy are two forms of government that show difference between them when it comes to the methods of rule and characteristics. Autocracy is a government where all the power rests in one person an oligarchy is a government where the power is held by a few select individuals democracy is a. Oligarchy is a ruling system in which only a few number of privileged people get the power over ruling and decision making in a political system. On the other hand oligarchy is a form of government in which the power rests with a small group of people.

The economy in the case of autocracy differs from that of oligarchy. Both oligarchy and democracy refer to different types of ruling systems. In an oligarchy a small group of people hold the power. The government definitely has a say in all the business arrangements.

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The difference between an uncentralized centralized. As a matter of fact in autocracy economy is either a command or traditional system. On the other hand oligarchy is a form of government in which the power rests with a small group of people. Difference between autocracy and oligarchy.

In an autocracy a single person holds all the power. Autocracy democracy and oligarchy are terms used to define different systems of government. A small group exercises control especially for corrupt and selfish purposes in a type of government this government is called as oligarchy. Who gets the power to rule and how it is gotten are that make the difference between oligarchy and democracy.

These two types of government are differentiated based on factors like definition ideologies characteristics structure etc.