Plutonomy

Plutonomy is a term used to describe an economy where a small number of people control a large amount of wealth. This wealth can be in the form of money, stocks, or other investments. In a plutonomy, the wealthy few have a huge influence over the prices of goods and services and how the economy functions. This can lead to higher prices for goods and services that the rest of us have to pay, and it can also make it hard for smaller businesses to compete in certain markets.