Discuss different types of elites.

Elites refer to small groups or individuals who hold a disproportionate amount of power, influence, and resources within a society. These elites often shape political, economic, and social decisions, impacting the direction and functioning of the community. Various types of elites exist, each defined by the basis of their power and the domains in which they operate. Here are some key types of elites:

1. Economic Elites: Economic elites possess significant wealth, assets, and financial resources that grant them considerable influence over economic policies, markets, and business activities. They may include corporate executives, major investors, and wealthy entrepreneurs. Economic elites can impact wealth distribution, investment decisions, and economic regulations.

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