OLIGARCHY

oligarchy

(noun) a political system governed by a few people; “one of his cardinal convictions was that Britain was not run as a democracy but as an oligarchy”; “the big cities were notoriously in the hands of the oligarchy of local businessmen”

Source: WordNet® 3.1

Etymology

Noun

oligarchy (plural oligarchies)

A government run by only a few, often the wealthy.

Those who make up an oligarchic government.

A state ruled by such a government.

Source: Wiktionary

Ol"i*gar"chy, n.; pl. Oligarchies. Etym: [Gr. oligarchie.]

Definition: A form of government in which the supreme power is placed in the hands of a few persons; also, those who form the ruling few. All oligarchies, wherein a few men domineer, do what they list. Burton.

Source: Webster’s Unabridged Dictionary 1913 Edition

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