Definition of Oligarchy
Oligarchy
ol·i·gar·chy
Definition/Meaning
(noun)
a system of administration in which a small group of people control an organization, institution, or country, often for selfish or corrupt purposes, or the small group of people that holds control in such a system;
e.g. The country is ruled by an oligarchy, which does very little for the people's benefit. He is a member of the oligarchy of the country.
(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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