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Definition 1:
The people who have the most wealth and status in a society :the most successful or powerful group of people usually singular Elite can be used with either a singular or, more commonly, a plural verb. .
Examples:
A store that caters to the (social) elite
The intellectual/political/academic elite
The country’s elite is/are opposed to the new ruler.
Definition 2:
A person who is a member of an elite :a successful and powerful person usually plural .
Examples:
Many business elites oppose the new policy.
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