The power elite means whatever group is in power and the smallest percentage of the top. It is a majority rule by the top few.
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bureaucrats
does the united states of america function more on a pluralistic model of power or does the united states function more on an elite model?
oligarchy
The upper-class (wealthy) control the power in an Elite and Class Theory. Over a third of the nation's wealth is currently held by just one percent of the American Population. Elite and Class theorists believe that this one percent of Americans controls most policy decisions because they can afford to finance election campaigns and control key institution, such as large corporations.
An autocracy is a government in which a single person holds unlimited political power. An oligarchy is a government in which the power to rule is held by a small, usually self-appointed elite.