Eli5 could someone please explain to me what an oligarch is. Is it the individual equivalent of a cartel?

768 views

Thanks

In: 4

9 Answers

Anonymous 0 Comments

An oligarch is a person who has money and power. It is usually used when describing certain Russian businessmen, because they are *very* wealthy and they are usually able to do what they want in the country as long as they don’t cross the government in some way.

A cartel is a *group* of people or businesses of some kind that is trying to control high prices of whatever products they make or service.

You are viewing 1 out of 9 answers, click here to view all answers.