<span>Under socialism, prices and wages are set by </span>the government
Without farming the town would not be able to grow because it provides plants, crops and also meat and other dairies
Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. In the early 20th century Robert Michels developed the theory that democracies, as all large organizations, have a tendency to turn into oligarchies.
They both operate under a government where a small group of individuals make all of the decisions.
Based on my information, I believe that the higher authorities that would choose the prime ministers would actually be the "house of commons". Going back a few years, many of the "house of commons" actually did not have the responsibility in order to do this, but then, the government figured that it would be better if they were to handle on this responsibility.