ⓘ Business oligarch

                                     

ⓘ Business oligarch

A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. A business leader can be considered an oligarch if the following conditions are satisfied:

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

More generally, an oligarch is a "member of an oligarchy; a person who is part of a small group holding power in a state".Aristotle gave the concept of oligarchy some negative connotations, but the term does not necessarily imply wealth.