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Oligarchy definition is - government by the few. How to use oligarchy in a sentence. oligarchy and Other Words for Rulers
Oligarchy (from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos) 'few', and ἄρχω (arkho) 'to rule or to command') is a form of power structure in which power rests with a small number of people.
Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
Oligarchy definition, a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few. See more.
A plutocracy is a subset of an oligarchy. In a plutocracy, the leaders are rich. The leaders in an oligarchy don't have to be rich, even though they usually are. For example, a high school ruled by a popular clique is an oligarchy. A plutocracy is always an oligarchy, but there could be some oligarchies that aren't plutocracies.
Nov 14, 2019 · An oligarchy is a power structure under which a small group of elite individuals, families, or corporations control a country. The people who hold the power in an oligarchy are called “oligarchs” and are related by characteristics such as wealth, family, nobility, corporate interests, religion, politics, or military power.
Aug 03, 2018 · An oligarchy is a style of government or management where the few rule over the rest. It may surprise you how contemporary this system actually is.
- Anne Sraders
- Russia. To be rich in Russia, you must have contacts within the government. If you don't maintain these contacts, you can lose your power and wealth. As a result, many Russian billionaires buy assets in other countries.
- China. An oligarchy took control of China after the death of Mao Tse-Tung. It is the 103 members of the families descended from the "Eight Immortals," according to research done by Bloomberg News.
- Saudi Arabia. The Royal Family is an oligarchy since it's not run by any one person. The reigning monarch must share his power with the descendants of the country's founder.
- Iran. An oligarchy of Islamic clerics, relatives, and business associates runs the country. They took power after the demise of Ayatollah Ruhollah Khomeini.