oligarchy
UK: /ˈɒl.ɪ.ɡɑː.ki/ | US: /ˈɑː.lɪ.ɡɑːr.ki/
n. a form of government where power is held by a small group of people
n. the group of people who control such a government
oligarchy = olig<few> + archy<rule>
- olig<few>: From Greek oligos (few, small in number).
- archy<rule>: From Greek arkhia (rule, leadership), derived from arkhos (ruler).
Etymology Origin:
The term oligarchy originates from Ancient Greek, combining oligos (few) and arkhia (rule). It reflects a political system where power is concentrated in the hands of a privileged minority, often elites or wealthy families. The word’s structure directly mirrors its meaning—olig (few) + archy (rule)—making it a transparent compound in English. Historically, oligarchies were common in city-states like Sparta, where a small council held decisive authority.
The country was criticized for being an oligarchy controlled by a few wealthy families.
Ancient Athens transitioned from an oligarchy to a democracy.
Modern corporations sometimes resemble oligarchies, with power centralized among executives.
The revolt aimed to overthrow the oligarchy and establish fair representation.
Scholars debate whether certain democracies are covert oligarchies in practice.