Oligarchy meaning and synonyms used in real context from the book, 601 Words You Need to Know to Pass Your Exam, with illustrations and images. Improve your listening and reading comprehension with the word, oligarchy.
/ˈɒl.ɪ.gɑː.ki/
Oligarchy meaning
a small group of people who have power or are in authority and therefore run a country or organization, small governing group, government by a small group
a country or organization run by an oligarchy
Example
An oligarchy is a governmental system in which the government is controlled by a small group of people, or oligarchs. The term “oligarch” comes from an ancient Greek word, “oligarkhia”, which means “the rule of the few.” Oligarchs typically gain control through financial means, such as donating heavily to politicians who, in turn, rule in ways dictated by the oligarchs. However, oligarchs may also gain influence through their social status/nobility; fame; education; or political, or military connections. Oligarchies in which a family rules often result in power being passed down from generation to generation. Several modern countries could be described as oligarchies, including Russia, China, and arguably even the United States.
Source of example: https://worldpopulationreview.com/
Parts of speech
Noun: oligarch
Adjective: oligarchic
Adjective: oligarchical
Adverb: oligarchically
