Definition of Plutocracy
Plutocracy
plu·toc·ra·cy
Definition/Meaning
(noun)
a system of government in which power is held by wealthy people, or a society or country run by such a system of government;
e.g. The country was becoming a plutocracy, as the people grew poorer while those in power grew richer.
(noun)
a group or class of wealthy people who hold the power in a system and who thus form the ruling or elite class;
e.g. Only the plutocracy benefit from policies like these ones.
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