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Since Plutocracy is a government ran by the wealthy, there could be a few disadvantages but also there could be some advantages, also.
Disadvantages:
Wealthy People running a government can be a bad idea. They could make people pay more money for taxes, and they could make people pay more for cars and anything in stores.
Advantages:
Wealthy people running a government could also be a good idea. Knowing that wealthy people can cherish their money and not want to give it away, they could higher people to make money for them so that there will be less taxes and more money towards employed people.
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Type of government controlled by a few wealthy people?
An oligarchy is a government controlled by a small group of wealthy landowners and corporate leaders.
What is it when rich people rule?
An oligarchy
What is the term for a government ruled by a small group of noblelandowning families?
Modern depictions of aristocracy tend to regard it not as a legitimate aristocracy (rule by the best), but rather as a plutocracy (rule by the rich).
What are advantages and disadvantages of the system of patronage?
The system of patronage has very distinct advantages and disadvantages. The advantages are that you have a boss that looks after you and takes care of the problems and issues in everyday life. The disadvantages are that you are always commanded, patronized and have very little independence.
Advantages and disadvantages of expert power?
There are many advantages and disadvantages to expert power. One being, the power gets to their head. While it can be good by they know what they are talking about.
