WORLD CIVILIZATION

Detailed explanation-1: -Encyclopedic Entry Vocabulary. Broadly speaking, an oligarchy is a form of government characterized by the rule of a few persons or families. More specifically, the term was used by Greek philosopher Aristotle in contrast to aristocracy, which was another term to describe rule by a privileged few.

Detailed explanation-2: -Oligarchy is a term for a government in which power is held by a select few individuals or a small class of powerful people. This can mean that these few people are the actual leaders, or that they influence or control the decisions that the leaders make (that they’re the ones “pulling the strings” behind the scenes).

Detailed explanation-3: -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.

Detailed explanation-4: -An oligarchy is a type of ruling structure in which a few people wield power. Typically, the rulers come from a small privileged group and use their power to seek personal gain or benefits for their group. The term oligarchy has been used to describe historical examples of government rule by the few.