WORLD HISTORY

Detailed explanation-1: -The political term, oligarchy, comes to English from the Greek with its meaning intact-a form of government run by a small number of people such as wealthy landowners, royalty or powerful military figures.

Detailed explanation-2: -It comes from the Greek oligarchía and is formed from oligo-, meaning “few, ‘’ and-archy, meaning “rule” (the same ending is used in words like monarchy and anarchy).

Detailed explanation-3: -oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.

Detailed explanation-4: -Oligarchy is a form of government in which a small group of people hold most or all political power.