Which theory suggests that power is concentrated in the hands of a small dominant group?

Question

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The power elite theory suggests that power is concentrated in the hands of a small dominant group, which controls the economic and political systems of society. This group comprises of wealthy individuals, corporate leaders, and high-level government officials who make decisions that affect the majority of the population. This theory emphasizes the idea that democracy is merely a facade and that the real decisions are made by a select few who hold a disproportionate amount of power.

Which Theory Suggests That Power Is Concentrated in the Hands