Rule by a powerful and often wealthy elite is known as:Question 34Select one:a.Nanoaucracyb.a republicc.Democracyd.oligarchy or plutocracyClear my choice

The question asks about the form of governance characterized by rule by a powerful and often wealthy elite.

Analysis of Options

1. Nanoaucracy: This term does not correspond to any widely recognized form of government.
2. A Republic: This is a form of government where the country is considered a "public matter," and officials are accountable to the public, which does not specifically refer to an elite ruling class.
3. Democracy: This term refers to a system of government where the entire population or eligible members participate equally in political decision-making, again not specifically denoting elite rule.
4. Oligarchy or Plutocracy: Both of these terms denote rule by a small group of people. Specifically, an oligarchy generally refers to rule by a few, and a plutocracy refers to rule by the wealthy elite.

Conclusion

The correct answer is d. oligarchy or plutocracy, as this most accurately describes a governance system where a powerful and wealthy elite hold control.