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Oligarchy
01
a political system in which a small group of high-powered people control a country or organization
oligarchy
n
Example
An oligarchy is a form of government where power is concentrated in the hands of a small group of individuals or families.
Critics argue that oligarchy undermines democratic principles by limiting political participation and perpetuating inequality.
The rise of oligarchy often leads to corruption and nepotism, as ruling elites prioritize their own interests over those of the broader population.
Throughout history, many ancient civilizations were ruled by oligarchies, with power held by a privileged few.
The country's political system evolved into an oligarchy, with a wealthy elite controlling key decision-making processes.
