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An oligarchy is a form of government where power lies with a small elite group. In the given scenario, it describes an oligarchy where powerful committee members govern the country without citizen input.
An oligarchy is a form of government in which power effectively rests with a small elite segment of society distinguished by royalty, wealth, family, military, or religious hegemony. In this scenario where a powerful committee of leaders from the largest companies governs without citizen input, it describes an oligarchy. Theocracies, like the mentioned oligarchy, are examples where certain elites hold significant political power.
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