The Open Dictionary

oligarchy

noun

UK/ˈɒl.ɪ.ɡɑː.ki/
US/ˈɑː.lɪ.ɡɑːr.ki/

Definitions of oligarchy noun

  1. CountableUncountablepolitics

    A form of government in which a small group of influential people holds all the power.

    • Many citizens began to recognize the perils associated with an oligarchical system.

    • The nation faced a critical decision: whether to proceed with its transition or succumb to oligarchical rule.

    • Historically, oligarchies have often led to social inequalities and unrest.