an economic system where the majority of wealth is held by a small percentage of the population, an economy that is driven by or heavily benefits wealthy individuals or corporations

Formal and Informal Expressions of plutonomy

In different contexts, you can replace 'plutonomy' with suitable alternatives. In a more formal setting, 'economic system' is apt.

plutonomy: Explore its Definition & Usage

plutonomy Definition

1an economic system where the majority of wealth is held by a small percentage of the population
2an economy that is driven by or heavily benefits wealthy individuals or corporations

Using plutonomy: Examples

Take a moment to familiarize yourself with how "plutonomy" can be used in various situations through the following examples!

Example
The country's economy is a plutonomy, with the top 1% controlling most of the wealth.
Example
The policies implemented by the government have led to the further consolidation of plutonomy.

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Summary: plutonomy in Brief

'Plutonomy' [ploo-tuh-noh-mee] refers to an economic system where a small percentage of the population holds the majority of wealth. It is characterized by policies and practices that benefit wealthy individuals or corporations. Examples of plutonomies include countries where the top 1% control most of the wealth.