WORLD HISTORY

Detailed explanation-1: -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: -Aristocracy is a form of government in which the people are ruled by a small, privileged-class of people called aristocrats. While aristocracy is similar to oligarchy in that they place power in the hands of a few people, the two types of government differ in several key ways.

Detailed explanation-3: -The term was first used by the Ancient Greek philosopher Aristotle. The Ancient Greek term he used is oligarkhía (), translating to ‘’rule by the few. ‘’ The ruler in an oligarchy is called an ‘’oligarch.

Detailed explanation-4: -An Oligarchy Government is a government ruled by a few individuals. In other words, it is a form of government in which a small group of people holds all the power.

Detailed explanation-5: -: 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.