Essential Meaning of oligarchy
1 : a country, business, etc., that is controlled by a small group of people Their nation is an oligarchy.
2 : the people that control a country, business, etc. An oligarchy rules their nation.
3 : government or control by a small group of people The corporation is ruled by oligarchy.
Full Definition of oligarchy
1 : government by the few The corporation is ruled by oligarchy.
2 : a government in which a small group exercises control especially for corrupt and selfish purposes a military oligarchy was established in the country also : a group exercising such control An oligarchy ruled the nation.
3 : an organization under oligarchic control That country is an oligarchy.
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