Business oligarch

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 some of the following conditions are satisfied:

uses monopolistic tactics to dominate an industry;
possesses sufficient political power to promote their own interests;
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]

^ Guriev, Sergei; Rachinsky, Andrei (2005). "The role of oligarchs in Russian capitalism". Journal of Economic Perspectives. 19 (1): 131–150. doi:10.1257/0895330053147994.
^ ^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.
^ "oligarch". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)

[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.

[Chern2018-2] 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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