Business oligarch explained

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:

1. uses monopolistic tactics to dominate an industry;
2. possesses sufficient political power to promote their own interests;
3. controls multiple businesses, which intensively coordinate their activities.

More generally, an oligarch is a "member of an oligarchy; a person who is part of a small group holding power in a state".

See also

• Gilded Age
• Russian oligarchs
• Ukrainian oligarchs
• Oligarchy
• Tai-pan
• Chaebol
• Zaibatsu

References

1. Guriev . Sergei . Rachinsky . Andrei . The role of oligarchs in Russian capitalism . Journal of Economic Perspectives . 2005. 131–150. 10.1257/0895330053147994. 19. 1. free .
2. Chernenko. Demid . Capital structure and oligarch ownership . Economic Change and Restructuring . 2018. 52 . 4 . 383–411. 10.1007/S10644-018-9226-9. 56232563 .