An oligarchy is a system in which a few people control the majority of the resources and power in a society. This usually happens when there is a lack of democracy or when the government is controlled by a few powerful people.
The oligarchy in the country is bad because it's controlled by a few rich people.
The oligarchy in the school is good because the teachers are able to have control over the curriculum.
noun
a political system governed by a few people
1
The ruling class in the US is too large and diverse to be an oligarchy.
2
That's the worst kind of oligarchy.
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The Megarian Oligarchy were exiled.
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The dynamics of the society are governed by oligarchy.
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In contrast, the Confederate States of America was an oligarchy.
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The sociologists call it the iron law of oligarchy.
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An oligarchy of quarrelsome magnates gained control of Hungary.
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The city of Sasserine is a mix of oligarchy and representative democracy.
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The combination of both plutocracy and oligarchy is called plutarchy.
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The gulf between the military and the civilian oligarchies broadened.