Plutonomy: Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by a minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.
Plutocracy: rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutocracy. Read more......
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