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 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.[2]

More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few', and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".[3]

See also

References

  1. ^ Guriev, Sergei; Rachinsky, Andrei (2005). "The role of oligarchs in Russian capitalism". Journal of Economic Perspectives. 19 (1): 131–150. doi:10.1257/0895330053147994.
  2. ^ a b Chernenko, Demid (2018). "Capital structure and oligarch ownership" (PDF). Economic Change and Restructuring. 52 (4): 383–411. doi:10.1007/S10644-018-9226-9. S2CID 56232563.
  3. ^ "oligarch". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)


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