answer: an oligarchy is a political system in which the government is run by a group of noble families, or the elite wealthy members of a society. a present day oligarchic government is iran.
explanation:
Answer from: Quest
a social contract.
"a social contract is an agreement between citizens and their leader where the citizens give up certain freedoms in exchange for protection. the constitution of the united states is an example of a social contract."
What was a major component of reaganomics? 1. the belief that tax cuts to the wealthy would trickle down to the less fortunate. 2.the belief that providing tax cuts to lower-socioeconomic americans would boost the economy. 3.the belief that boosting home ownership would lead to americans having an investment in the economy. 4.the belief that correcting the business cycle would boost output and reduce unemployment.