What is the English meaning of oligarchy?
government by the few
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.
What is an oligarchy government?
An oligarchy is a governmental system in which teh government is controlled by a small group of people, or oligarchs.
What is a synonym for oligarchy?
Words related to oligarchy authoritarianism, autocracy, coercion, cruelty, despotism, domination, oppression, terrorism, totalitarianism, absolutism, fascism, high-handedness, imperiousness, monocracy, severity, totality, peremptoriness, reign of terror, unreasonableness.
Who holds power in an oligarchy?
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. Oligarchies can control all forms of government, including constitutional democracies.
What makes someone an oligarch?
These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control. Throughout history, oligarchies have often been tyrannical, relying on public obedience or oppression to exist.
What is an example of an oligarch?
Examples of a historical oligarchies are Sparta and the Polish-Lithuanian Commonwealth. A modern example of oligarchy could be seen in South Africa during the 20th century. Here, the basic characteristics of oligarchy are particularly easy to observe, since the South African form of oligarchy was based on race.
What makes an oligarch?
What is the opposite of oligarchy?
We have listed all the opposite words for oligarchy alphabetically. democracy. commonwealth. egalitarianism. emancipation.
What is a government run by the rich called?
A plutocracy (from Ancient Greek πλοῦτος (ploûtos) ‘wealth’, and κράτος (krátos) ‘power’) or plutarchy is a society that is ruled or controlled by people of great wealth or income.
What is one advantage to an oligarchic form of government?
The benefit of having an oligarchy in place is that it consolidates power to one dominant group. This group can focus on providing the day-to-day needs of the society so that everyone else can focus on their job, their family, or pursuing their goals.
Why are they called oligarchs?
These younger-generation entrepreneurs were able to build their initial wealth because Gorbachev’s reforms affected a period “when co-existence of regulated and quasi-market prices created huge opportunities for arbitrage.” The term “oligarch” derives from the Ancient Greek oligarkhia meaning “the rule of the few”.
What is the other name of oligarchy?