A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. [1] [2] A business leader can be considered an oligarch if some of the following conditions are satisfied:
- uses monopolistic tactics to dominate an industry;
- possesses sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority.
- controls multiple businesses, which intensively coordinate their activities. [2]
More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few'andἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state". [3]
