merchantoligarchic
merchantoligarchic refers to a form of governance or societal structure where economic power, particularly through trade and commerce, is concentrated in the hands of a small, elite group. This group, often comprised of wealthy merchants or business magnates, wields significant influence over political decisions, economic policies, and social structures. The term combines "merchant," referring to those involved in trade, and "oligarchic," describing rule by a few.
In a merchantoligarchic system, the dominant class typically benefits from policies that favor their commercial interests,