Definition of Oligarchy
Oligarchy
o·lig·ar·chy
Definition/Meaning
(noun)
A form of government in which power is held by a small group of people.
e.g. The wealthy elite formed an oligarchy that controlled the country's economy.
(noun)
an organization, institution, or country that is ruled/controlled by a small group of people, typically for selfish or corrupt reasons;
e.g. The country has changed from a democracy to an oligarchy over time.
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