Business oligarchy

A business oligarchy refers to a situation where a small number of companies or individuals control a large portion of the market or economy. This concentration of power can lead to limited competition, where a few dominant players set prices and influence policies, often prioritizing their interests over consumers or smaller businesses. This system can stifle innovation and maintain inequalities, as the oligarchs utilize their influence to shape regulations and market dynamics in their favor, reducing opportunities for others to succeed.