JAMB - Government (2023 - No. 14)
What is the term for a system of government in which power is held by a small group of people?
Oligarchy
Monarchy
Theocracy
Democracy
Explanation
An oligarchy is a system of government in which power is held by a small group of people. This can be contrasted with a democracy, where power is held by the people, or a monarchy, where power is held by a single individual.