The idea that the most important government decisions are made by an identifiable and stable minority that shares certain characteristics -- particularly wealth and business connections -- is called

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Elite theory describes the belief that a small group of wealthy and influential individuals hold the most power and make the most important decisions in government. This minority is often referred to as the "elite" and is believed to have a disproportionate amount of control over policy-making compared to the general population. Pluralist theory, on the other hand, posits that power is more evenly distributed among various interest groups and individuals in society. Option A is an alternative concept of democracy that emphasizes the importance of policies and outcomes rather than simply participation in the political process. Option D and E are not accurate descriptions of this concept.

The Idea That the Most Important Government Decisions Are Made