Short Answer 
An oligarchy is a government system where a small elite group holds significant power, often stemming from wealth, family ties, or military influence. While decision-making is concentrated among these oligarchs, elements of representative democracy can still exist, allowing for minimal public participation and representation within the governing structure.
Step 1: Understanding Oligarchy
An oligarchy is a form of government where a small group of individuals holds significant power. This elite group can come from various elite backgrounds such as wealth, family ties, or military control. Unlike democratic systems that involve broader public participation, an oligarchy limits governance to a select few who make decisions on behalf of the larger population.
Step 2: Characteristics of Oligarchs
Members of an oligarchy often share certain distinguishing features, which may include:
- Wealth: Oligarchs often come from the wealthiest segments of society.
- Family ties: Many may belong to influential families with a long history of control.
- Military power: Some oligarchs may derive their influence from military associations.
These characteristics help in solidifying their power and influence over the governmental framework.
Step 3: Representation within Oligarchies
Despite the concentration of power, an oligarchy can still incorporate elements of representative democracy. This means that even though decision-making is limited, there can still be:
- Some form of public election for certain positions.
- Representation of specific groups or interests within the oligarchic structure.
- Occasional input from the general populace on issues of importance.
This blend allows for a façade of democracy while maintaining the core oligarchic structure.