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plutonomy

[ploo-tuh-noh-mee]

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.